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 manual workflows and scattered data means compliance is taking up much more time than it needs to. As a result, compliance leaders may lack the time to exercise oversight and the bandwidth to keep their knowledge.
SteelEye is here to simplify complexity, consolidate systems and save firms money. Below are quick overviews of key regulatory regimes affecting many financial firms.