The changing face of regulatory reporting and compliance: A cat and mouse chaseDatamonitorJanuary 30, 2004 16 Pages - SKU: DFMN957759 |
Countries covered: United States
Banks have adopted a piecemeal approach that is both costly and error-prone to address continuing regulatory reporting changes. In recent years, with compliance lead times shortening, FSIs can no longer continue taking a fragmented approach. What are the considerations, issues and pitfalls that FSIs should be taking into account? What are the things vendors playing in this space need to heed? Reasons to Purchase Position yourself for how compliance practices will change, in light of increasing regulatory burdens (Basel II, IAS, Sarbanes-Oxley & US Patriot Act) Identify and understand key technologies that are relevant in pulling together an integrated and coherent compliance infrastructure For financial institutions, enhance planning of compliance initiatives & obtain key action points in streamlining reporting & compliance functions Scope Covers Basel II and risk management compliance business scenarios Provides framework for integrating technologies into a coherent compliance framework Highlights considerations and proposes actionable recommendations related to regulatory reporting from business, technology & investment perspectives Report Highlights FSIs need to use a scenario-based approach to defining compliance business requirements. Find out what scenario-based approaches are and how it can benefit compliance initiatives. Remember that regulatory reporting and compliance are ultimately about governance, and hence, the overall compliance framework / approach should reflect the complexity of governance structures, processes and regimes that a FSI operates in. What are the key questions to ask in aligning compliance and governance issues? |
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