Rule Mapping
Governance, Risks and Compliance Controls Mappings
What is Rule Mapping?
Our governance, risk and compliance controls mapping workflow connects regulatory developments, existing regulations and laws to institutional policies, procedures, risks and controls in real-time to provide trackability and traceability of regulatory content to internal compliance data and environment.
Regulatory Solutions
FinregE Regulatory Rule Mapping
- Connections of local jurisdiction regulatory developments to global standards and requirements
- Connections on the evolution of a regulatory publication through its cycle of development
- Connections of regulatory developments to an organisations internal business policies and controls
The key power of FinregE’s regulatory rule mapping is the connections of regulatory rules to an organisations internal compliance standards.
FinregE converts written business standards such as internal policies, procedures, risks and controls into machine readable metadata that can be mapped to regulatory rules content in real-time. Contact us today to receive a demo on how FinregE turn the management of your policy changes into a data led approach.
Monitor compliance in real-time: both your status and processes
Access machine-readable libraries of financial global rulebooks
Extract insights on regulatory actions and requirements across rules
Map rule requirements automatically across your compliance policies
Use workflows to action and record the life cycle of regulatory compliance
Conduct compliance reporting with dashboards to view your landscape
Frequently Asked Questions
Why is it important to map regulatory requirements to policies and controls?
Mapping regulatory policies and obligations help financial institutions maintain an inventory of rules, which, in turn, creates a source of data against which their operations can be evaluated. Mapping these requirements allow compliance teams to draw connections between internal business processes and rule changes, ensuring they remain compliant.
In doing so, financial institutions can also draw connections between rulings issued by local bodies versus those by global regulatory bodies to ensure consistency when implementing rule changes.
What are the benefits of leveraging automation for regulatory mapping processes?
Regulatory mapping can be a complicated process that leads to plenty of errors, overlaps, and inefficiencies if not executed precisely. When backed by automated technology, however, regulatory teams find it easier to draw connections they may have missed. They can also execute this process faster and at a lower cost compared to manual, time-consuming efforts.
How can you establish a strong internal control environment using regulatory mapping?
Regulatory mapping provides useful data on the state of internal business operations and their connection to external industry regulations. This data can then be used to inform the regulations, policies, and procedures that make up an institution’s internal control environment.
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