Using spreadsheets and other disparate resources to record incidents and breaches and to manage the firm’s risk control matrix
The firm had previously implemented Ruleguard’s CASS regulatory platform (as described above) to replace its Excel-based approach to compliance. On realising the efficiency savings offered by the CASS solution, the firm opted to rollout elements of Ruleguard’s core governance and risk platform to manage its risk control matrix and to record and manage operational issues and breaches.
Prior to implementing Ruleguard, the firm relied on spreadsheets across multiple lines of business and departments. The firm is regulated by the FCA (and other regulatory bodies) and is therefore subject to, and must evidence compliance with, various regulatory handbooks (including SYSC, COBS, DISP, COLL, GDPR, JMLSG, & AML).
The firm had several key requirements, some of which are listed:
Functionality to manage firm-wide controls and testing, confirgurable management information dashboards
Download the full case study to hear more!