232 Enforcement Actions in the U.S. over past 30 days

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FINRA enforcements decreased 70% over the past 30 days

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CME issued enforcements: $1,241,754.92 over the past 30 days

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161 Final Rules go into effect in the next 30 days

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38 Mortgage Lending docs published in the last 7 days

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1460 docs with 2637 extracted obligations from the last 7 days

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84 new Proposed and Final Rules were published in the past 7 days

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3919 new docs in pro.compliance.ai within the last 7 days

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Considering RCM Solutions?  Here’s an RFP to get started.

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Regulatory Impact Analysis

Our machine learning models automatically assess content in regulatory policy, identify requirements, classify changes by business and operational topics, and highlight obligations and enforcement actions.

With Compliance.ai, you can rapidly understand regulatory impacts and effectively react to regulatory change.

Regulatory Impact Analysis With Expert-in-the-Loop

Legal, risk, and compliance teams rely on Compliance.ai’s unique Expert-in-the-Loop methodology to automatically scan regulatory content, summarize new information, classify changes by business and operational topics, highlight obligations, and identify the impacted controls, policies, and business processes.

Our clients know that Compliance.ai delivers accurate and complete information because we understand that machine learning requires expert oversight to validate the results of regulatory impact analysis. That’s why our regulatory impact processing includes review and validation by legal, risk, and compliance experts to review regulatory updates.

Expert-in-the-Loop saves time, reduces compliance costs, and boosts confidence that the team understands the impact on their firm and has compliance buttoned up.

Automatically Identify Obligations

Automatic obligation analysis eliminates speed regulatory impact analysis by significantly reducing tedious and error-prone tasks such as manual line-by-line analysis of regulatory documents.

Our regulatory impact analysis capabilities automatically scans each regulation and other regulatory content to highlight new regulatory obligations. Compliance teams then receive a summarized list of obligations for each regulation or regulatory policy.

Compare Regulatory Documents with Ease

Compliance.ai instantly identifies differences between regulatory documents – including updates and revisions to a previously issued document – and determines whether there is new information that will impact any of your lines of business. This approach replaces the tedious process of exporting regulatory changes and conducting line-by-line manual analysis.

Analyze Across Jurisdictions

Our regulatory change management solution automatically compares regulations and obligations across all of the jurisdictions relevant to your firm. Simply select the jurisdictions and documents you want to compare and let the application do the rest of the work for you.

Include Your Own Expertise

As a legal, risk, and compliance professional, you will often have some experience and insight of your own that your colleagues need to know about.

With Compliance.ai, you can add Annotations for any document to provide additional context and guidance for your team. Annotations allow you to include additional labels at the document level, specify subtopics and micro topics, and add commentary. In addition, file attachments—such as policies and procedures, risk and control frameworks, analyses, and more—will speed up the work needed to ensure compliance.

New tags and labels help to improve searches and filtering. All information is also available in one place for the team members who need to complete related change tasks or do their own research and analysis.

Even More Expert Guidance

Engage subject matter experts from the Compliance.ai alliance of partners – directly from the solution. Our advisory and content partners help compliance teams to better understand what’s involved in achieving compliance and to ensure the appropriate changes to controls, policies, and processes.

3 Conduct regulatory impact analysis by assessing each line of the regulatory documents to identify obligations, rights, constraints and exceptions, and make manual annotations throughout the documents.

4 Consult experts when guidance is ambiguous or to ensure that anticipated changes align with the approaches used by others in the industry. This step can be particularly time-consuming and expensive as the compliance team member may need to find a reliable resource that the company has not previously used and specialized expertise is very costly.

5 Determine whether the regulatory change results in obligations for one or more lines of business.

6Identify the line of business individuals responsible for making the required change from the regulatory impact and assign the change task and a deadline. Often, these tasks are assigned during meetings, email messages or through other mechanisms that are not easily monitored or auditable.

7Follow up with the task owners and track the changes task to completion to ensure that the regulatory impact is addressed. This multi-step process can be particularly prone to error or omission as the required change may be complex to implement and require a long period of time to complete. During that time, there may be turnover in staff or the attention to other activities can lead to forgetting to follow up.

8Conduct a manual review to ensure that the implemented changes are operating effectively.

9Periodically report to management any exceptions or incomplete tasks.

10Collect and recheck regulatory documents, meeting notes, spreadsheets, and emails to prepare evidence of compliance for audits and exams.

That's a lot of work. Worse, some of that work is not even required.

Regulatory impact analysis doesn't have to be so tedious. Learn how RegTech can help you.

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