Regulatory Risk Mapper (RRM) is an online tool that lets a firm map external regulation to its own defined business taxonomies, which in turn can be linked to specific business units. This helps the firm quickly understand how regulatory changes may affect the business, inform the board when the risk level changes significantly, and quickly implement necessary control and mitigation steps. By mapping directly to external regulations that impact the firm, the system can automatically provide email alerts when a regulation changes. This frees the firm from the burden of manually maintaining this information – and provides the management with the peace of mind that comes from knowing that nothing of importance has been missed.