Increase Scalability
- According to Thomson Reuters, the number of regulatory bodies has continued to grow and in 2019 reached 1,000. On average, there are 220 regulatory updates per day.
- 71% of financial firms expect the amount of regulatory information published by regulators and exchanges to increase over the next 12 months. Thomson Reuters
- Attempting to meet the obligations set forth by regulators with manual processes make an organization prone to human errors and risk. RegTech becomes the magic ingredient that enables scalability for financial institutions in an environment of increasing regulatory requirements. Saxo Bank
With close to 400 global financial regulations, how do you scale to manage regulatory change? Individual requirements cause firms to take a reactive response to compliance. You need a trusted partner that can deliver tactical solutions to regulatory deadlines while supporting your strategic roadmap and growth expectations. Scale to manage regulatory change and build a proactive compliance roadmap and operational model.
CSS can help you:
Optimize your tactical response to regulation and support a more strategic, integrated approach with subject matter expertise across global fund reporting, transaction reporting, investment monitoring and compliance management.
Obtain access to global regulatory coverage across more than 90 jurisdictions and 48 exchanges.
Pivot quickly when new regulations are released or changes are announced with automation or use a trusted partner for managed services.
How a peer scaled for future growth:
A global multi-asset manager was searching for a solution that would help monitor its securities holdings and track its substantial shareholder obligations globally. The organization found itself at a period of rapid growth. With its launch of subsidiary asset management companies in Asia and in the UK, the firm needed harmonization of global oversight across locations. CSS’s Investment Monitoring solution helped the global asset manager’s compliance, trade support and IT teams craft a strategy to handle both its current state and future states.