Regulatory requirements are not just onerous. They are growing. Each individual piece of legislation is a very large body of obligations, provisions and exemptions. The different regulatory regimes overlap in some places but not in all. And each regime is subject to update and revision.
It’s no surprise that the compliance function has risen up financial firms’ agenda. But the race to integrate disparate data stored in legacy systems and manually prove compliance is taking up way more time than it should. As a result, compliance leaders lack the bandwidth to keep their knowledge 100% up-to-date, and lack the time to exercise the oversight function they are in part hired for.
SteelEye is here to simplify complexity, consolidate systems and save firms money, time and compliance headache. Below are quick overviews of key regulatory regimes affecting many financial firms.