ADAPT TO THE GROWING RATE OF REGULATORY CHANGE WITH CONFIDENCE
Regulatory Change Management
We provide a connected approach to the regulatory change management process, offering you enhanced content integration and mapping capabilities to ensure you don’t miss a relevant regulatory development.
Track and monitor regulatory events
Thomson Reuters Regulatory Change ManagementTM, a solution on our Connected Risk platform, fully integrates content from Thomson Reuters Regulatory IntelligenceTM to provide you with comprehensive coverage of legislative and regulatory content from over 750 regulators globally.
Through our team of journalists, editors, and subject matter experts, you get the essential information needed to interpret emerging legislation and regulation.
Map and assign regulatory developments
Thomson Reuters Regulatory Change Management provides enhanced mapping capabilities and complete taxonomy support from Thomson Reuters Regulatory Intelligence. This ensures relevant information is being sent to the right stakeholders to manage and helps minimize compliance risk.
Through this connected approach, we help your organization foster a deeper understanding of the regulatory developments affecting day-to-day business processes and reduce your total compliance effort.
With Thomson Reuters Regulatory Change Management you have the added assurance that your regulatory requirements are mapped across the entire enterprise. You can set up event-triggered emails to automatically notify business owners each time a regulatory change occurs, and teams can view who is in charge of particular developments, what level of risk is associated with that change, and any key dates.
Evaluate and identify impact
Once your organization has established that the relevant regulatory developments are being tracked, Thomson Reuters Regulatory Change Management helps your compliance teams perform impact assessments to determine which business units, controls, policies, and procedures were affected by this change.
You can then determine which policies require review, and take the necessary steps to update and notify employees of relevant policy changes. This automated process ensures you have a complete audit trail to evidence to regulators what steps were taken to remain compliant.
Regulatory technology (or “regtech” as it has become known) was one of the hottest topics for compliance and risk officers over the past year, and will remain a focus for compliance professionals in 2017.
Technology is driving rapid change in financial services, with the latest developments seen as revolution rather than evolution. This report explores the future challenges the regtech revolution poses for the compliance function.
Customized online compliance training from Thomson Reuters, designed to fit your organization’s unique needs, and including anti-money laundering, diversity, sensitivity, and HIPAA courses.
Regulatory intelligence refers to the process of gathering, monitoring and analyzing regulatory information and data to track developments in the changing regulatory environment.