1. START WITH
A WINNING
TEAM
FUTURE-PROOF
YOUR SOLUTION
PRACTICE
MAKES
PERFECT
FAILURE IS
NO LONGER
AN OPTION
Assign high-level personnel to
oversee all your regulatory programs.
A multi-person approach will help
harmonize the way you address
regulatory obligations.
Understand the regulatory challenges
facing your firm. Be sure to identify
commonalities in terms of the data
required to meet them and whether you
will need any additional data inputs.
Review what existing
workflows, applications
and regulatory compliance
processes you already have in
place. Look at repurposing
them to meet future needs.
Agility is key! Implement open
platforms that can be tailored
for future use.
Establish effective monitoring and
reporting systems to secure and
track data as it moves through the
corporate network. Make sure your
solutions are fit for purpose and
accurate or you will face
enforcement action!
TEAM
CHIEF DATA
OFFICERS
CHIEF
COMPLIANCE
OFFICERS
CHIEF
OPERATIONS
OFFICERS
LOOK
BEFORE
YOU
LEAP
Leverage off the best practices, systems and
solutions that already exist in the marketplace.
Consider the role of fintech and regtech.
Conduct real-time
tests of your compliance
systems as early as
possible and include
your service and data
partners. Ensure that
the data flowing through
your solution is accurate!
PARTNER FOR SUCCESS
Consider what regulations
have yet to be transposed
and how you can pool with
other entities to leverage
common solutions and
meet new obligations.
BUY, BUILD
OR SHARE
FIN
TECH
REG
TECH
1
2
4
6 7
5
3
7 WAYS TO ENSURE
REGULATORY DATA COMPLIANCE
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