Thomson Reuters today announced the launch of a new solution to help clients more efficiently respond to and navigate regulatory risks. Thomson Reuters Accelus Regulatory Intelligence (ARI) combines content with advanced technology which, they claim, delivers unmatched regulatory intelligence solution which will help clients more efficiently respond to and navigate regulatory risks.
10 hours/week collecting and analyzing regulatory developments from multiple sources
According to the results of a recent Thomson Reuters 2014 Cost of Compliance Survey, compliance professionals spend on average 10 hours per week collecting and analyzing regulatory developments from multiple sources. Through Thomson Reuters ARI, users have access to coverage from over 570 regulatory bodies, 1,000 rule books, content from news, analysis, regulatory events, and practical guidance. Acting as a single solution, ARI’s cost-effective and simplified intuitive interface and powerful search function enable users to quickly sift through content to access the information required. Content can be viewed at a global industry-wide scale or it can be filtered to provide a more granular view specific to an organization’s needs.
Regular updates and advanced notifications
Accelus Regulatory Intelligence provides automatic updates and advanced notifications on regulatory developments ensuring an organization can anticipate and keep track of upcoming changes. The solution’s report tool allows users to customize and manage reports for board and business-wide reporting including the ability to share across an organization.
“The consequences of non-compliance, including both personal liability and reputational damage for an organization are becoming more severe,” said Andrew Neblett, managing director of Enterprise Risk Management at Thomson Reuters. “As regulations continue to mount, clients need a solution that enables them to quickly and effectively monitor regulatory changes that will directly impact their organizations. Accelus Regulatory Intelligence does just that while decreasing the burden of having to manually track and monitor multiple and varied sources of regulatory information.”
CTMfile take: Finance and banking regulatory compliance changes are now 130+/business according to Thomson Reuters. Corporate treasury departments cannot possibly hope to keep up with this rate of change. Somehow they need access to this type of service. Through their HQ? Through their treasury association?
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