Whether you’re a small or highly complex provider of financial services, EY supports you in identifying, tracking and monitoring legal and regulatory changes. The EY Regulatory Radar brings together our expertise in establishing an ongoing, cost-effective enterprise approach to regulatory compliance. EY contributes critical knowledge and expertise, which helps you identify and meet your legal and regulatory obligations. In turn, you can better manage business, operational, and reputational risks associated with non-compliance.
The EY Regulatory Radar is a regulatory change management tool that:
- Monitors regulatory changes (e.g., release of a new law or regulation)
- Mapping inventory to internal documentation and processes for review
- Maintaining of regulatory inventory
- Analyzes the impact on your value chain, including related processes and documents
- Allocates emerging risks and assigns mitigation tasks to the appropriate stakeholders
Regulatory monitoring allows you to record the changes affecting your organization as efficiently as possible and without tying up multiple resources. By staying on top of regulatory change and taking timely action, you avoid potential sanctions or damage to reputation.
Besides the smooth user experience, our clients appreciate the high degree of cost and time efficiency compared to traditional approaches. With the EY Regulatory Radar. resulting tasks and actions to be allocated and tracked. The result is a stronger compliance risk management program with better alignment between compliance management and control frameworks thanks to the centralized approach. The clear definition of roles and responsibilities within the organizations enhances overall compliance with new regulatory demands.
The EY Regulatory Radar covers a wide range of regulatory systems around the globe. Currently, we cover topics such as Regulatory, Accounting, Tax and Legal, as well as various market sectors like Banking & Capital Markets, Insurance and Asset Management.