Creating an effective compliance monitoring plan: The four stage approach
How to build an effective compliance monitoring programme and protect your business
As regulators across the world demand more, and are increasingly-data led in their supervision of financial services providers, do you have the framework in place to protect your business, safeguard your hard-earned reputation and keep on top of risk?
Whatever regulated activities you undertake, there's a clear four stage approach you can apply. Our practical guide walks through the steps you can take to:
- Create an effective plan - setting out the where, who and how
- Conduct testing - doing this at an appropriate level
- Handle feedback effectively - how best to deal with your findings
- Following up - Closing the loop to ensure issues don't reoccur and risk is appropriately managed
How can Ocorian help?
We help businesses across the world balance regulatory and commercial pressures. Whether you're looking to build effective compliance monitoring programmes, deal with regulatory change, or need some reassurance – our job is to make sure you get things right. And we've been doing it for last 25 years, with many of our clients sticking with us for the long term.
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