RegEd Announces Regulatory Exam Management Capabilities for CODE Enterprise Platform

RegEd Announces Regulatory Exam Management Capabilities for CODE Enterprise Platform

RegEd, a leading provider of compliance technology solutions for the financial services industry, has announced the expansion of the Comply On Demand Enterprise (CODE®) platform to address the multitude of requirements associated with undergoing regulatory exams. Regulatory Exam Management leverages CODE’s enterprise workflow, task management, document management and reporting capabilities to enable firms to drive efficiency throughout the end-to-end exam process.

 “Undergoing regulatory examinations can be costly and time-consuming for financial services firms. With the pace of regulatory change accelerating, the increasing frequency and broadening scope of exams represent significant risk and a drain on resources for firms that fail to manage the process effectively,” commented Debra Freitag, Chief Strategy Officer at RegEd. “With CODE, firms can embed a streamlined, repeatable methodology for managing exams, from pre-exam preparation to fulfillment of post-exam remediation requirements.”

Regulatory Exam Management installs best practices and drives efficiency across all exam management processes, enabling firms to significantly reduce the time and resource commitment required during a regulatory exam. The solution delivers a highly configurable, workflow-enabled framework that facilitates management of data requests, examiner communication, remediation and other key elements of the exam lifecycle. CODE enables exam managers to centrally coordinate exam activities across the organization and provides a full audit trail of the firm’s remediation actions.

CODE enterprise platform capabilities provide robust workflow and task management, while integrated regulatory intelligence delivers actionable, relevant compliance requirements. The combination enables financial services firms to efficiently identify, track and fulfill compliance obligations, dramatically reducing the risk of non-compliance and related consequences.  Other CODE modules include Market Conduct Exam Management, Regulatory Change Management, Policies and Procedures Management, Consumer Complaint Management and Incident Management. CODE is fully configurable, scalable and extendable to enable companies to cost-effectively build on the initial investment as their needs expand and evolve.

RegEd to Feature Solutions that Address Critical Compliance Challenges for the Banking Industry at ABA Regulatory Compliance Conference 2016

RegEd to Feature Solutions that Address Critical Compliance Challenges for the Banking Industry at ABA Regulatory Compliance Conference 2016

RegEd, the leading provider of compliance technology to the financial services industry, will highlight a set of enterprise compliance solutions at the upcoming ABA Regulatory Compliance Conference 2016, held June 12-15 in San Diego, CA. The featured solutions enable banks to efficiently address critical compliance challenges, including several key areas of regulator focus.

“RegEd has a long and proven track record as an enterprise technology provider to leading broker-dealers, investment advisors and insurance companies,” commented John Schobel, RegEd Chief Executive Officer. “We’re now focused on helping banks meet compliance challenges in many of the same areas that have enabled us to establish trusted partnerships with more than four hundred enterprise clients in the financial services industry.”

During the conference, RegEd representatives will highlight enterprise solutions for managing employee conflicts of interest, regulatory change, policies and procedures, and regulatory exams:

Employee Conflicts of Interest Management

RegEd’s Conflicts of Interest Management solution suite enables firms to seamlessly monitor, identify and remedy conflicts of interest and code of conduct issues among the firm’s employees and supervised individuals. The solution comprises five modules which can be implemented individually or together: Gifts and Gratuities, Outside Business Activities, Political Contributions, Personal Securities Account Management, and Conflicts of Interest Questionnaires.

Regulatory Change Management

Regulatory Change Management is a fully integrated solution that streamlines the end-to-end process of managing regulatory change throughout the organization. CODE facilitates a workflow-enabled, closed loop process that provides firms with everything they need to be aware of, comply with and demonstrate compliance with all relevant regulatory changes. 

Policies and Procedures Management

Policies and Procedures Management provides an enterprise workflow, work-process and task management solution that enables comprehensive, end-to-end administration and oversight of all elements of the firm’s policies and procedures. This includes the policy approval process, policy distribution, attestation management, testing program management and deficiency and case management. The solution installs a central control center for all policies and enables the firm to establish discreet policies based on role, function, department and entity.

Regulatory Exam Management

Regulatory Exam Management enables financial services firms to effectively prepare for and efficiently manage the myriad of tasks undertaken during the course of a regulatory examination. The solution embeds a streamlined, repeatable methodology for managing exams, from pre-exam preparation to fulfillment of post-exam remediation requirements, enabling firms to significantly reduce the time and resource commitment required during a regulatory exam.

About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk. 

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