Regulatory research is the process by which enterprises identify various laws, regulations, and industry standards. Advisory opinions and guidance, court decisions.
Financial Institutions operate within overlapping webs of laws, regulations, and industry standards across multiple regulatory and legislative jurisdictions. Many types of business problems give rise to the need for regulatory research,
Financial Institutions rely on compliance professionals who painstakingly pore over multiple sources of information to identify material laws and regulations, evaluate the applicability of these rules to their business, respond to regulatory changes and assess the impact of current and upcoming laws and regulations. Much of this process is manual making it inconsistent and time-consuming.Their work involves identification, aggregation, applicability assessment, and analysis.
4CRisk’s AI-powered solution for regulatory research allows financial institutions to automate the task of identifying all material-laws and regulations from multiple sources of information and evaluate the applicability of these rules to their business. It enables compliance officers tomake business decisions easily, consistently, and quickly. The approach opens the door to first-line ownership of the regulatory research capability.