White Papers & Case Studies

COMPLIANCE SOLUTIONS ON THE CLOUD: THE BCUBE COMMUNITY CLOUD

Financial institutions face the same regulatory challenges and many have limited budgets and resources to satisfy these mandates. Consultants can supplement compliance expertise and Regulatory Agencies can provide some guidance, but consultants are expensive and the Agencies are focused on enforcing the rules. As a result, compliance resources are stretched and meeting regulatory challenges is difficult.

 

A WINNING COMPLIANCE STRATEGY WITH THE BCUBE COMPLIANCE DELIVERY PLATFORM

Compliance in today's post Dodd Frank world is more complicated than in years past. Regulations are complex, implementation times shorter and Agencies more demanding. The results are an increase in the effort and cost to stay compliant. As a result, your compliance efforts and cost have likely increased in an effort to keep pace. But perhaps the most critical issue that results from all this is the heightened regulatory and reputational risk that all firm's face.

 

ROLE OF COMPLIANCE PILLARS IN SUCCESSFUL COMPLIANCE OPERATIONS

Compliance in today’s post Dodd Frank and Affordable Care Act world is more complicated than in the years past. Regulations are more complex, implementation times shorter and the Agencies more demanding. This means you need to increase your compliance effort and budget just to stay even. But since compliance is not optional and heightened regulatory demands increase your regulatory and reputational risk, there is no prudent course of action but to have a winning compliance program.

 

A POWERFUL EVIDENCE MANAGEMENT SYSTEM - THE BCUBE COMPLIANCE DELIVERY PLATFORM

Compliance in today's post Dodd Frank world is more complicated than in years past. Regulations are more complex, implementation times shorter and Agencies more demanding. Supervisory agencies require that firms provide adequate evidence and documentation to demonstrate their compliance. More aggressive enforcement means you need to ensure you have the ability to provide evidence of your compliance in an organized and effective manner. The results are an increase in the effort and cost to stay compliant.

 

Conducting an Ongoing-Validation for the Basel Advanced Rules

The Basel regulation contemplates that an organization create a validation framework to conduct both an initial validation and periodically on-going validations to ensure the organization remains compliant. This can be a time consuming and costly exercise because it requires the 2nd line of defense including more senior supervisors. The content, role responsibility, 3-line of defense support and evidence management provided by the bCube Compliance Delivery Platform makes this process faster a [...]

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