Let Solvassure take care of
your accountability
compliance.

Solvassure helps financial services firms meet new conduct regulations by automating assurance checks from a licensed rules library and notifying senior managers in real time.

Why should you be concerned?

If you are regulated by the FCA you must abide by the Senior Managers’ Regime, Certification Regime and Conduct Rules according to the published timescales, with unlimited fines and custodial sentences at stake your compliance environment must be fit for purpose.

How can Solvassure help?

Solvassure is a cloud based and mobile enabled compliance framework that safeguards senior managers by capturing responsibilities, generating regulatory reports and monitoring “reasonable steps”.

“Senior managers will be held individually accountable for failure to meet our requirements”

Andrew Bailey,
Chief Executive of the PRA

“We met the deadline on March 7th 2016, now the real work begins.”

Compliance Manager,
Investment Bank

“In 2014 the total amount of fines issued by the Financial Conduct Authority was almost £1.5bn”

www.fca.org.uk

“This tool is the future for banks to approach assurance in a methodical and consistent way”

Head of Regulatory Deployment,
Tier One Bank

“The Governance, Risk, and Compliance market is ready for disruption ”

Forrester

“A user-friendly and intuitive product which clearly fills a significant gap in the market”

Managing Director,
Global Investment Bank

How it stacks up

Compliance without FRAME

  • Regulatory LibraryNone
  • Assurance checksManual
  • Process efficiencyLow
  • Compliance standardsStandalone
  • Multiple regulationsYes
  • Mobile enabledNo
  • Risk exposureHigh
  • Operational costHigh

Standard Solvassure FRAME

  • Regulatory LibraryDigital
  • Assurance checksAutomated
  • Process efficiencyHigh
  • Compliance standardsIntegrated
  • Multiple regulationsNo
  • Mobile enabledNo
  • Risk exposureLow
  • Operational costLow

Premium Solvassure FRAME

  • Regulatory LibraryDigital
  • Assurance checksAutomated
  • Process efficiencyHigh
  • Compliance standardsIntegrated
  • Multiple regulationsYes
  • Mobile enabledYes
  • Risk exposureLow
  • Operational costMedium

FAQs

What is Solvassure?

Solvassure is a British technology company which helps financial services organisations meet accountability regulations introduced by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) in response to the global banking crisis.

Who made the compliance regulations?

The FCA and PRA published a joint consultation paper (FCA CP14/13/PRA CP14/14) stating changes to compliance regulations which are designed to hold individuals accountable for the roles they perform.

What is the FCA?

The Financial Conduct Authority (FCA) is a UK financial regulatory body which operates independently of the government and is financed by charging fees to around 59,000 financial services providers.

What is the PRA?

The Prudential Regulation Authority (PRA) is a UK financial regulatory body which is wholly owned by the Bank of England and responsible for the prudential regulation and supervision of around 1,700 banks, building societies, credit unions, insurers and major investment firms.

Who is affected?

900 regulated firms adopted the rules in March 2016 with the remaining 59,000 scheduled to join in 2018, affecting senior managers, certified staff and operational personnel working for building societies, credit unions and investment firms, including foreign banks with a presence in the UK and senior managers based abroad who have responsibilities in the UK.

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