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Thomson Reuters
Regulatory Risk

How our new regtech solution can help compliance professionals

Gareth Evans

13 Feb 2017

Photographer: Kacper Pempel

Our new solution connects regulatory change management processes to organizational structures, fed by world-class regulatory intelligence.

Last month we announced the release of Thomson Reuters Regulatory Change Management, a new solution that helps firms manage their end-to-end compliance processes.

This regtech solution leverages our Thomson Reuters Connected Risk platform, providing additional flexibility and robustness to firms’ compliance processes in a single location.

Watch this video for quick overview of the benefits Thomson Reuters Regulatory Change Management provides

Find out more about Regulatory Change Management

How does it work?

Organizations can incorporate insight and content from Thomson Reuters Regulatory Intelligence, or third party data feeds, and map relevant policies to rule changes to comprehensively evaluate their effect on the business.

Compliance teams can tailor the information they receive through predefined and customized taxonomies, as well as the frequency of the notifications about regulatory changes.

Example of the Main Dashboard in Thomson Reuters Regulatory Change Management

With Regulatory Change Management, compliance teams can:

  • Track hundreds of regulators across global geographies and jurisdictions
  • Schedule periodic risk assessments and impact analyses of regulatory events and requirements
  • Map these to policies and procedures impacted by these requirements
  • Create action plans; assign tasks to business owners
  • Empower compliance workflow to address regulatory needs
  • Evidence risks and controls to management and regulators
Example of the Management Dashboard in Thomson Reuters Regulatory Change Management

Adapt to the growing rate of regulatory change with confidence using Thomson Reuters Regulatory Change Management

A few examples of analyst report coverage we have had from the launch include:

Download full infographic for a step-by-step overview of the activities involved in each part of the regulatory change management process

What is Thomson Reuters Connected Risk?

A shift in regulation toward personal accountability is currently underway. This has created a need for executives to access personalized risk dashboards and reports supported by frequently changing and modifiable formats.

While senior leadership need a consistent and holistic view of risk, it is unrealistic to assume the component parts in a risk hierarchy can all be standardized.

Thomson Reuters Connected Risk provides next generation data mapping capabilities. These advance what’s possible when seeking to aggregate non-standardized data.

Available in toolkit form, customers can develop their own bespoke solutions, or take our solutions and customize it for their needs without extensive external support.

Foster a deeper understanding of regulatory developments impacting your organization with Thomson Reuters Regulatory Change Management

The platform enables customers to seamlessly integrate risk and compliance duties with their daily workflows. Whether that’s setting risk appetite, defining and executing processes to understand and monitor risk – like risk assessments, risk indicators and loss event tracking – or completing tasks for issue remediation.

Thomson Reuters Connected Risk supports our new-to-market Regulatory Change Management and Model Risk Management solutions; and our Internal Audit, Operational Risk and Compliance solutions that will be available later this year.

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