Proactive regulatory change management: stay ahead of the curve

Keeping pace with ever-shifting regulatory landscapes is a formidable challenge, but it’s a challenge our re-launched Regulatory Change Management (RCM) module is built to help you overcome.

What’s new: Thanks to significant investment and development, RCM now features cutting-edge automated data feeds, which intelligently remove the pain of manually tracking every regulatory update. All essential updates arrive directly in your system, empowering you to process what’s relevant and meticulously record your corresponding actions in a timely way. What’s more, we’re integrating advanced AI into RCM to provide accurate and fast summaries of dense consultation papers and help you pinpoint which updates matter to you.

How it benefits you: This module doesn’t just help you react; it enables you to prove you’re actively managing future regulatory risks. This could include developing a decisive action plan for any changes and demonstrating full control to stakeholders like the FCA or your head office. Think of it as your must-have early warning system.

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Smarter compliance monitoring: take control of your risks

At the heart of effective compliance frameworks lies robust monitoring, and our enhanced Compliance Monitoring module delivers just that. With this updated module, it’s easy to build and deploy a strategic risk-based compliance monitoring programme.

What’s new: As a result of customer feedback and industry analysis, the interface is now more intuitive than ever. It offers superior reporting capabilities that make it easy to spot overdue actions, pinpoint specific problem areas and gain a crystal-clear overview of all your critical tasks and controls at a glance.

How it benefits you: This isn’t just an update; it’s a strategic advantage. It fully empowers your Head of Compliance to actively and effectively manage current regulatory risks, whilst simultaneously providing Chief Risk Officers, Non-Executive Directors and even the Board with clear, real-time insights into your risk posture.

More information is available here

Master your records: take control with Register Vault

Register Vault is a powerful module that empowers you to seamlessly build and centralise all your critical registers.

What’s new: The user interface for Register Templates allows you to set granular access levels directly when creating a register from a vastly expanded library of over 60 meticulously crafted templates. This is in addition to the ability to build your own bespoke registers from scratch.

How it benefits you: Meet complex obligations like Consumer Duty with confidence, effortlessly create specialised registers for Product Governance and Target Markets, and meticulously generate detailed audit trails essential for multi-level approvals and robust operational resilience incidents.

If you want to know more, click here

The Power of integration: your all-in-one compliance hub

While each of these powerful modules offers significant value in its own right, their true power is realised when they are used as part of My Compliance Centre’s fully integrated system, which is continually evolving to keep pace with regulatory change.

It’s time to explore the enhancements

As a valued customer, we encourage you to delve deeper into these enhanced modules. They’re just one way we are leading modernisation – is it time for you to join this journey?

Please contact Jenny Kenlin, Head of Customer Engagement, for more information:

T: +44 (0)20 4583 2049

E: jenny.kenlin@mycompliancecentre.com

The post Be the change with My Compliance Centre’s latest product updates appeared first on My Compliance Centre.

What’s new: During the past 12 months we’ve invested heavily in RCM, adding new features and strengthening its capabilities to turbocharge our support for your compliance objectives. Here’s what RCM can now do:

• Advanced horizon scanning: Never miss a regulatory update, with our early warning system. All relevant changes and new rules are flagged in a timely manner. The module’s ‘quick dismiss’ tool allows you to ignore updates that don’t affect your organisation.
• Change action planning: Take control of essential regulation change tasks, ensuring the right teams implement updates ahead of enforcement deadlines.
• Categorised information filtering: See clearly what areas of regulation (think DORA, Consumer Duty, Operational Resilience) are undergoing change via our smart filtering system. A new category dashboard card is now visible to non-admin users, making it easier to grow awareness of regulatory updates across your organisation.

Crucially, these advancements are all integrated, meaning you don’t have to switch between different platforms and systems to stay on top of your regulatory obligations.

And it’s easy to get up and running. Simply:

• decide on a start date for feed data
• set customised notifications for published regulations
• add comments and tasks for relevant teams
• report to committees and boards.

Additionally, to make your integration even more seamless, we’ve published a user-friendly FAQ section in the module.

How RCM benefits you: This module provides the tools to help you switch from a reactive position to a proactive one. With RCM, you can develop a decisive action plan for any upcoming changes, ensuring your organisation is fully prepared for shifts in the regulatory landscape.

The module also allows you to demonstrate full, transparent control to vital stakeholders like the FCA or your head office, building confidence in your organisation both internally and externally.

RCM is your must-have early warning system. It provides you with a responsive approach that will significantly reduce your compliance burden, giving your firm a strategic advantage. It allows firms to adapt early and allocate resources efficiently while building trust with regulators and clients. In short, it’s a vital part of running a resilient and future-ready business.

Explore how this module can transform your regulatory change management processes today. Please contact Jenny Kenlin, Head of Customer Engagement, for more information:

T: +44 (0)20 4583 2049

E: jenny.kenlin@mycompliancecentre.com

The post Proactive Regulatory Change Management: your essential early warning system for compliance updates appeared first on My Compliance Centre.