Solvassure helps financial services firms track their compliance to the
Senior Managers’ Regime, Certification Regime and Conduct Rules.
In addition to capturing responsibilities and producing regulatory documentation, it tackles the complex challenge of demonstrating “reasonable steps”, which we consider to be the fourth element of the regime. (Draw this graphic with its bullet point lists)
This is achieved by sending out pre-defined assurance checks to activity owners, evidencing attestations with supporting material and highlighting exceptions to key stakeholders in real time.
Fully automated checks include low level regulations, committee governance, executive on-boarding, department KPI’s and best practise workflow providing real time exceptions and detailed evidence to protect senior managers.
It also handles key compliance processes by importing published regulations, running impact analyses, compiling business requirements and implementing monitoring indicators which enable end-to-end traceability.
Solvassure eliminates the need for update meetings, phone calls, emails and spreadsheets by providing secure compliance data with status and priority settings online twenty-four seven.
Cloud based and mobile technology uses copyright material licensed to us by the FCA and the PRA with a continually expanding regulatory library that goes well beyond the regime.
This means that other compliance initiatives for regulations such as MiFID II and GDPR can be consolidated using our technology, with assurance material tailored specifically for each firm.
Find out more about Solvassure