Regulatory Risk Mapper
Automatically Track Regulatory Changes, For Improved Compliance and Reporting
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.
- Transparency and control
RRM helps firms quickly understand how a regulatory change will impact its business units – and decide how much it raises risks for the business
- Evidence and accountability
All information in RRM can be quickly reported to a board or regulatory body, as part of a strong culture of corporate governance
An automatic daily feed of regulatory content keeps firms informed of regulatory changes – while special alerts can automatically inform a firm of any rule changes that affect any of its business units
- Greater efficiency
With full auditing capability and simple management reporting, RRM improves information sharing and collaboration across the firm
- Early knowledge
Having early knowledge of the ways in which a regulation will impact the firm – down to business-unit level – lets management inform the board, and lobby regulators, at an earlier stage
Using a standard online tool to map regulatory risk provides a consistent, holistic approach to management reporting and planning Integration – Firms can directly connect internal policies to underlying regulations for a business unit
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