Streamlining your compliance with the Volcker Rule
The Volcker Rule, introduced as part of the Dodd-Frank Act, aims to prevent banks from engaging in speculative investments that do not directly benefit their customers.
Why does it matter? Focused on the banking book, the Rule allows banks to make use of certain instruments – derivatives or trading securities, for example – for activities such as liquidity management or underwriting. However, using the same instruments for other activities is prohibited, creating ample scope for non-compliance in a fast-moving trading environment, as well as a significant management challenge for an institution.
Using automation to deliver efficient and effective Volcker Rule compliance
Complex financial instruments create significant value for financial institutions, and the wider economy. The Volcker Rule seeks to protect this value, while enhancing the overall risk management processes in the banks that make use of them.
The challenge for banks under the Rule is ensuring and demonstrating that the right instruments are used in the right way at the right time. This represents a policy management, education, and compliance challenge for even the best-organized institution to ensure legitimate use of an instrument is justified in a transaction. Failure to observe this restriction exposes a bank to regulatory, reputational, and commercial risk.
Automated policy and compliance management offers an institution a way of ensuring its policy is efficiently defined, promoted, and adhered to whenever new starters join, new products are launched, and an organization is restructured. These are the typical pinch points that can expose an institution to the greatest potential risks – and the greatest likely compliance costs and issues.
Soluciones
Mitratech offers powerful solutions for Volcker Rule compliance, allowing you to address your needs comprehensively and efficiently These offer proven, flexible capabilities that help you enhance your compliance, and balance the needs of your business and your regulator.
Gestión de políticas
Una solución de gestión de políticas como PolicyHub de Mitratech ahorra tiempo y mejora la eficiencia, y ayuda a ofrecer una gestión eficaz de las políticas de la Regla Volcker mejorando la eficiencia operativa y eliminando las complejidades de la gestión de políticas y procedimientos, para que pueda construir un programa de cumplimiento ético y defendible.
Cumplimiento y gestión de obligaciones
Una solución de gestión de cumplimiento y obligaciones, como la oferta de OCM de Mitratech, utiliza una interfaz sencilla e intuitiva para permitir a los empleados y auditores ser proactivos en la gestión de incidentes y auditorías, incluyendo las obligaciones de la Regla Volcker, controles, investigaciones e informes de no conformidad. Informe fácilmente de los incidentes, comprenda sus obligaciones y mejore continuamente su rendimiento en materia de cumplimiento.
Gestión de contenidos empresariales
Una solución ECM proporciona un control completo sobre la captura, indexación, archivo, recuperación, accesibilidad, entrega y retención de cada elemento de información crítica para el negocio en una organización, a través de un repositorio central seguro. Para las empresas de servicios financieros, esto es especialmente vital.
