Participants are split into two teams. The blue team develops and presents a legal and strategic response to a live regulatory scenario, covering decisions such as regulator engagement, escalation, communications and risk tolerance. The red team then challenges the approach, testing assumptions, exposing weaknesses and probing unintended consequences. Facilitated discussion explores how legal judgment, organisational dynamics and risk appetite shape outcomes and where strategies often fail in practice. Participants leave with sharper regulatory instincts, practical tools for pressure‑testing strategy, and clearer insight into effective collaboration between in‑house teams and external advisers.