Compliance & Risk Mitigation
Are you going through the motions, or using compliance and risk activity to its greatest potential?
Complying with the industry’s many rules and regulations is an essential part of doing business in the financial services realm. Rather than seeing compliance activities solely as fulfilling an obligation, many successful firms use their compliance activities as a means to improve upon their business processes and to increase transparency across their enterprise. To realize this goal, risk and compliance data need to be readily available and understood, a task which requires the application of appropriate technology, tools, process audits, and controls to help assure continuous risk management.
Learn more about current industry trends.
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403(b) — The advent of electronic filing requirements for 403(b) plans introduced by EFAST2 will change the way organizations administering or offering 403(b) plans operate. They will be required them to find ways to increase the efficiency of their processess.
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Cost Basis Requirements — Cost basis reporting legislation applies to both financial services firms and their clients, yet preparation to be compliant with the new law is just the beginning of its impact on the industry.
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Risk Management — Most firms seek tools and processes to help them eliminate, or at least minimize, the level of risk associated with a business operation. By following effective processes and having the right supporting tools in place, organizations can help minimize risk, reduce costs and increase productivity.