Why “Squaring the Circle”

The question “How can we Square the Circle” is a question that has been pursued by ancient philosophers and mathematicians since before Leonardo Da Vinci first drew his Vetruvian Man.

From a technical perspective, (as π is equal to 3,141592653), it is impossible to Square the Circle – because π is a transcendental irrational number and squares are measured in finite whole numbers. However, does a client really need to know this level of technical analysis? Some clients will and we can discuss this with them on a technical and philosophical level. But other clients will just know that it’s impossible and for them we can show them a compass, a ruler and in a minute or two, prove that it is impossible.

However, whilst the reason for the name “Squaring the Circle” is partly related to this it also partly related to the current legal, regulatory and framework that businesses find themselves having to work within.

It is impossible to address every legal, regulatory and compliance risk. No-one expects you, as the GC/Head of Legal or Head of Compliance to do that. However, what you are expected to do is to know the Risks. Therefore, you can include those Risks you need to address, within the Square and the other Risks, those that are not material in scope or impact, with the Circle so that you have them on your Radar.

So, what WE do is help YOU identify and then address the laws that we both determine apply to you, WE then help YOU close off the Risks that we both determine are relevant to you and WE ensure that YOU are given the knowledge and tools to comply with the Regulations that YOU need to prove compliance with. This is therefore what “Squaring the Circle” is and how WE will work with YOU. i.e. YOU can place the risks, laws, regulations that are relevant to you WITHIN the square and you can place everything else OUTSIDE the square i.e. within the circle where you can keep them monitored. Plus, you then have a simple diagrammatic expression of your Risk Appetite/Statement.

This bifurcated approach is also integrated into everything that we do. The technical melded into the practical. Desire revised by realism. The concept placed into the practical. And the need for speed defended with the need for accuracy.
And that is “Squaring the Circle” and how and why we can help you.

Contact us for further information

We are available on the phone, via email or in person at times that suit you, and whether you are based in the UK, the EU, Asia, Middle East, Africa or the Americas.

We also provide advice and recommendations on specific issues (be it a customer complaint, a regulatory request or an ARROW visit) or with regard to general questions (be that drafting polices. creating training or taking control of a problem).

We have a strong ethical culture, and will always give you our advice and recommendations with honesty, integrity, technical excellence and professionalism.  For this reason our consultants speak at, and chair, a range of conferences in the UK, Europe and the Middle East on these topics.

As an integral part of our service to clients, we undertake a significant amount of technical research. We also track all important regulatory developments and discussions, whether at domestic, EU or global level. This research is made available to our clients on an immediate basis. 

We are also available to review the impact of discussed/proposed regulatory reform and FCA/ESMA/EU consultation & discussion papers relating to you and your business. If requested we will provide feedback to the relevant regulator on a named/anonomous basis.