A costly miscalculation: Nvayo and the price of resistance

Regulatory battles may often best be fought in remediation efforts rather than legal challenges, a recent case illustrates. By Christian Blackwell

Christian Blackwell, an associate partner with Pathlight Associates (https://pathlight.associates), is a management consultant with over 25 years' experience as a governance, risk and compliance advisory, assurance and remediation adviser.

The recent case of e-money firm Nvayo entering special administration offers a stark lesson: regulatory compliance is not a battle to be won through attrition, but a necessary responsibility. [1] While Nvayo focused its energies on challenging the Financial Conduct Authority's supervisory notices, even taking the case to the High Court, that time and resource could have been better spent addressing the very compliance failings that triggered the regulatory intervention in the first place.