Understanding the regulatory lifecycle​

A corporate compliance program cannot be effective without a clear, accurate picture of the regulatory landscape facing the company. Regulatory lifecycle management (RLM) is the process of building and continually updating that regulatory picture

Every day, you face a tidal wave of new regulatory content – from news, guidance, and speeches to enforcement actions and rule changes – that must be efficiently and effectively shared, analyzed, and operationalized. The regulatory lifecycle begins with regulatory concepts and legislative initiatives and takes many forms: new legislation and regulations, amendments to existing laws and regulations, clarifying pronouncements from regulators and litigation that may offer new judicial interpretations. This landscape is constantly shifting, and you need the right tools, processes and personnel to stay ahead of developments across all stages of the cycle.

Effective regulatory lifecycle management requires  an enterprise-wide effort across a series of interconnected teams, where processes, technology and people come together to ensure a high-performing compliance posture. The regulatory lifecycle consists of:

Regulatory Content

Precisely defining all the regulators and jurisdictions that govern your business operations, making sure you have access to all the content they publish.

Obligations Inventory

Confidently understanding obligations and how they map to regulator rules.

Change Management

Effectively conducting a change management process that quickly and accurately captures regulatory changes, identifies impacts to your business, tracks update processes, and updates your GRC.

Reporting

Enable end-to-end traceability across your obligations, policies, and controls, with reporting and oversight capabilities for all levels of the organization.

Tracking

Proactively promoting internal and external audit-readiness without fire drills and reactionary efforts to demonstrate command and control of your compliance operations.

Too many financial services firms manage their regulatory lifecycle through manual processes based on the disconnected evolution of discrete processes and silos. This leads to inefficiency, hidden risks, and a lack of enterprise oversight.

Effective regulatory lifecycle management requires  an enterprise-wide effort across a series of interconnected teams, where processes, technology and people come together to ensure a high-performing compliance posture. The regulatory lifecycle consists of:

AscentAI’s intelligent automation lets you eliminate manual processes and take control of regulatory lifecycle management.

Automation simplifies and ensures both oversight and accountability, allowing you to:

KNOW

everything you need to know

HARNESS

automation to power high-performing operations

RESPOND

to changes quickly and confidently

SCALE

regulatory lifecycle management across the enterprise

We help you end the fire drills that occur with the arrival of new information, which prompts a mad rush to determine its impact on your business.

You’ll have the power to automate the collection and collation of regulatory developments and automatically flow that information into a single source of corporate truth. You can quickly assess changes and identify their impacts and have the information at-hand to make informed decisions on how to address them.