Accountability regimes have increased globally by 300% over the past five years. Meet this new wave of regulation head-on with software that fortifies accountability, training, and competency of your employees.
Although each regime has established its own unique set of terms and underlying expectations, the result remains the same; to strengthen individual accountability across an organization to mitigate risk and identify red flags sooner. Across each regime, the primary expectations remain relatively the same:
A detailed and documented outline of functions and responsibilities mapped to Senior Executives.
The ability to produce an audit trail and effectively report on all of the above.
A fit & proper assessment and certification of your employees who are carrying out controlled functions within your business.
A clear record of breaches related back to the conduct rule that are enforced through annual attestations.
Robust Reasonable Steps processes to record what Reasonable Steps your Senior Executives are taking to mitigate the risk of breaches occurring.
Robust training and education to support the execution of responsibilities and foster a strong set of cultural values.
Establish and maintain a reliable Individual Accountability and Conduct program to guarantee compliance with the Monetary Authority of Singapore’s (MAS) regulations.
Guarantee your firm complies with the latest guidance on the Banking Executive Accountability Regime (BEAR) and the Financial Accountability Regime (FAR).
Our award-winning solution simplifies operational processes, and supports greater efficiency and accuracy, whilst reducing costs and risk. It enables traceability and gives you confidence that you’re meeting your regulatory requirements.
Clarity of requirements and what you need to do
Confidence you’re always up to date
Comprehensive and proactive governance and oversight
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