Banks have always needed to manage regulatory change management to ensure that they were complying with the latest banking regulations. However, banks now need to be more flexible than they were before, thanks to the nature of upcoming banking regulations. Let’s look at a some of the factors which will have a major effect […]
Management often wonders where this need for regulatory compliance software suddenly came from, and we cannot really blame them for thinking this way. Banks and financial institutions have been running perfectly fine for centuries now without needing financial compliance software, so why do they need them now? That’s a valid question and it has […]
The world of compliance management is changing rapidly. We saw the first major change with the influx of computers, then another one with the mainstream adoption of information technology. Compliance management solutions are ushering in another change and these changes are changing the job role and responsibilities of regulatory compliance managers.
Every business is aware of the importance of regulatory compliance, yet we often hear about compliance violations and huge fines being levied on organizations by regulatory bodies. Enforcing regulatory compliance is a complicated task because it requires every stakeholder in the business process to be compliant. The employee at the front line dealing […]
The energy industry is geared up for a transformation in the form of compliance management. With changing regulations, companies will need all the tools and support they can get to successfully transform. Regulatory change management solutions and compliance management solutions will become necessary in facilitating this transformation. This isn’t the first time that the […]
Rules and Regulations
Rules and regulations were devised in order to maintain the integrity of a system. However, interpretation of rules can be quite tricky. Especially, in an environment where the stakes are high, a misunderstanding due to a rule change can lead to great confusion and have a negative impact on the system. Financial […]