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Securities and banking

Securities and banking firms operate in a dynamic and competitive environment. The growth and complexity of some financial products and services presents many challenges. With the increased media and regulatory interest in areas such as private equity and hedge funds, the pressure on firms and senior management teams to manage reputational risk actively has never been greater.

Added to this, securities and banking firms have to ensure that they are aware of and can quickly respond to changes in the global regulatory landscape.

Complinet's range of products and solutions has enabled many international securities firms and banks to keep abreast of fast-moving regulatory changes. This allows them to delicately balance the demands of their business with the demands of the regulators.

Complinet's clients include: UBS, Credit Suisse, Lloyds TSB, Barclays, Fidelity, Morgan Stanley, Cantor Fitzgerald, Evolution, Dresdner Kleinwort, Fortis, Rabobank, Close Brothers, Royal Bank of Scotland and Goldman Sachs.

Challenges and Solutions for the Securities and Banking Sector

Regulatory Requirements Challenges for Compliance and Risk Management Resolutions and Solutions
Regulatory obligations arising in multiple jurisdictions.
  • Keeping up with global and local regulatory changes.
  • Quickly understanding the impact of that change on your company.
  • Deploying the right resources and ensuring rapid compliance across the business.
  • Capturing relevant information.
  • Informing senior management about significant regulatory changes that affect the business.
Enhanced due diligence requirements to fulfill customer identification programme, know your customer and anti-money laundering obligations.
  • Gathering and using varied sources of information to support KYC obligations.
  • Unifying all CIP, AML, KYC and due diligence processes.
  • Applying a global approach.
  • Managing high-volume retrospective screening.
  • Automating ongoing screening.
  • Managing counter-party checks.
  • Avoiding damaging enforcement actions.
Producing and maintaining robust and accurate procedures and policies that will withstand regulatory scrutiny.
  • Keeping up with regulatory changes.
  • Assessing how a firm needs to adapt to regulatory changes.
  • Keeping manuals up-to-date.
  • Keeping policy and procedure consistent.
  • Communicating change across the organization.
  • Monitoring and auditing staff attestation.
  • Keeping track of product risk as regulation changes.
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Media
Press Releases
Complinet launches new global recruitment site for risk and compliance professionals
Complinet counts over quarter of a million active compliance e-learning
Complinet announcement of New CFO Appointment