London, 25 May 2020
Author: Wim Nelen
Whenever we meet regulated firms large and small, we're persistently dumbfounded by the make-do spreadsheet solutions that are used to keep track of regulatory obligations.
We see global banks that copy past rules that apply to them in spreadsheets: 'the regulatory obligations register'. We see firms spending 6 figures to get a rule mapping spreadsheet from a consultancy. The work product they get is a simple excel sheet that is out of date after two weeks!
Regtech software can clearly do this better. It can identify and track those rules that apply to you on an ongoing basis, it can apply a robust governance model around this process, enrich the source data with your in-house or external regulatory knowledge and feed everything directly into your other systems with a comprehensive audit trail.
This is how we manage your regulatory obligations in singlerulebook.com:
As regulatory implementation more and more evolves towards direct integration of regulation with in-house policies, systems and controls, this automated regulatory obligations filter mechanism will sit between the source regulation, your interpretations of regulation and the systems that we work with the interpretations of the regulation.
Contact us now to discuss how we can add value to your workflow: email@example.com.