The challenge of keeping up with regulatory developments
As regulatory expectations grow, the span and depth of compliance activity in regulated institutions have had to respond accordingly. Many firms are struggling to implement controls that meet regulatory demands consistently and effectively, whilst delivering value to the business.
Easing the burden of regulatory change
With CCL CORE, your compliance framework, and evidence of its implementation and embeddedness is in one place, providing you with efficient and effective compliance management.
CCL CORE helps our clients automate:
- Firm-wide attestation process
We will work with you to develop a series of periodic, recurring attestations that run to a planned schedule, taking away the human factor from issuing attestations, chasing attestations and evidencing the completion of attestations.
- Conflicts approvals
The CCL CORE platform gives you a workflow solution that allows employees to request approval or register personal conflicts of interest such as gifts and entertainment, personal trading and outside business interests. Each employee has the ability to log their conflicts on their own compliance page, triggering an automated workflow allowing compliance to control approval, as well as provide evidence and a register of activity.
- Compliance monitoring process
CCL CORE's compliance monitoring tool reminds the compliance function that testing is pending, due or overdue. We will help you upload your testing programme to the platform, or provide you with our tailored testing programme, specific to your regulatory permissions. All monitoring tests are then completed online, recording the work done, evidence of tests, observations and recommendations. Any issues identified can be allocated to a colleague for progress-checked remediation. Your complete, end-to-end solution for compliance monitoring
- Scheduling of periodic reporting/filings
Never miss a filing deadline again with CCL CORE’s filing task manager. We will help you schedule your regulatory and statutory filings, assigning ownership of the task to your colleagues. Individuals responsible are notified in good time when filings are due. Evidence of submission can be attached to each filing submission, bringing control of fragmented filing requirements into one place.
- Internal compliance reporting
Every data point within CCL CORE is reportable, making it simple to create bespoke compliance reports. We can help you create your own specific periodic reporting templates, making reporting as easy as changing two dates - the start and end date of your reporting period. CCL CORE will make the collation and aggregation of data a thing of the past.
- Policy and procedure review process
One of the most common weaknesses in firms is out of date or unreviewed policies and procedures. With CCL CORE, policy reviews and updates are diarised through its policy library, setting established review periods and clear audit trails, meaning policies and procedure reviews are controlled, documented and easily evidenced with up to date version control.
To find out how CCL CORE can help you automate compliance processes, request a demo now