• • • Challenge • • •

How sustainable is your Senior Managers Regime solution?



Challenge
"The regime will be extended in 2018 to cover all financial services firms,
including asset managers and hedge funds. This means that the same
high standards will apply in both the banking and the 'shadow banking'
sectors and supports a level playing field for competition"
Andrew Bailey, Chief Executive of the FCA

We’ve been talking to Heads of Compliance and it would appear that having implemented provisional solutions to meet the March deadline, many organisations will now struggle to sustain this framework over the coming weeks, months and years.

Three key reasons are being cited against a background of punitive measures and the binary nature of the regulations:

  • The complexity of the rules and the ability of the regulator to delve back to any point in time.
  • The diversity of many organisations with a constantly changing network of resources, roles and responsibilities.
  • The escalating costs incurred in maintaining a competent compliance team with effective systems and processes.

• • • Solution • • •

Receive trustworthy information so you can report with confidence.

Solvassure helps financial services organisations monitor compliance to these regulations by sending out pre-defined attestation checks to activity owners and highlighting issues to key stakeholders in a real time exceptions dashboard.

A flexible data hierarchy makes extensive drill down of exceptions and historical trends possible at the touch of a button, with a fully auditable time stamped data trail. Template or evidence files can also be attached and automated emails are consolidated for each user to notify them about pending or outstanding responses making every individual accountable for their actions.

Our unique cloud based solution eliminates the need for update meetings, phone calls, emails and spreadsheets by providing secure real time data with status and priority settings accessible online twenty four seven. Automated data gathering, escalation and resolution functions alleviate the time and effort involved in collating compliance information and put the confidence back into presenting it.

"A user-friendly and intuitive product
which clearly fills a significant gap in the market"
Managing Director, Global Investment Bank


• • • Benefits • • •

Reduce your exposure to risk and save money in the process.

Our innovative technology improves compliance visibility through real time warnings of breaches, verifying accountability by capturing auditable evidence. We can help you lower the costs of monitoring with automated activity checking, applying best practice governance and re-usable frameworks.

Benefits

Improvement opportunities can be identified by benchmarking performance data, reducing the risk of contravention and its associated penalties. Seat based pricing with no additional hardware, network, backup or recovery costs along with expert implementation and training services make our solution affordable and indispensable.

Please Contact Us to find out how we can help you overcome the challenges presented by regulatory compliance.