The growing demands on financial professionals of keeping updated on and responding to new regulation has prompted the launch of a new solution from Thomson Reuters.
The group said that Thomson Reuters Accelus Regulatory Intelligence (ARI) solution would help clients more efficiently respond to and navigate regulatory risks by combining content with advanced technology.
The recent Thomson Reuters
‘2014 Cost of Compliance Survey’
found that compliance professionals spend on average 10 hours per week collecting and analysing regulatory developments from multiple sources.
The ARI solution offers users access to coverage from over 570 regulatory bodies, 1,000 rulebooks, content from news, analysis, regulatory events, and practical guidance. Content can either be viewed at a global industry-wide scale or filtered to provide a more granular view specific to an organisation’s needs.
It also provides automatic updates and advanced notifications on regulatory developments to help an organisation anticipate and keep track of upcoming changes. The solution’s report tool allows users to customise and manage reports for board and business-wide reporting including the ability to share across an organisation.
“The consequences of non-compliance, including both personal liability and reputational damage for an organization are becoming more severe,” said Andrew Neblett, managing director of enterprise risk management (ERM) at Thomson Reuters.
“As regulations continue to mount, clients need a solution that enables them to quickly and effectively monitor regulatory changes that will directly impact their organisations. ARI does just that while decreasing the burden of having to manually track and monitor multiple and varied sources of regulatory information.”
Further information about the solution is available
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