We’ve implemented many mandatory, regulatory initiatives with a fixed scope and fixed date, with a need to cease business activities if not implemented in time, all implemented with agile and lean principles, all early and all successful. In these situations, a waterfall approach would have been too risky, with late learning and back-loaded risk. Due to agility and fast time to learning, having got early learning on the least understood and the riskiest bit of these activities, we were able to go back to the UK regulator and suggest that for the benefit of global competitiveness, they might
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