Commissioned by RegEd, the report identifies processes and technology best practices that leading firms employ to reduce risk in today’s environment.
RegEd, the market-leading provider of enterprise compliance solutions to banks, broker-dealers insurance companies, and other financial services firms, is pleased to announce the publication of a new analyst report, “Keeping a Grip on Employee Conduct and Conflicts of Interest,” from research and consulting company Celent.
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The report, authored by Neil Katkov, PhD, Head of Risk and Compliance at Celent, provides an overview of the current landscape surrounding employee conduct and conflicts of interest management, as well as the best practices, processes and technology that firms can leverage to optimize compliance and reduce risk.
“Among the greatest challenges faced by financial services firms is the ability to readily identify potential risk among the firm’s employee and registered population, before it causes reputational harm,” stated Neil Katkov, PhD, Head of Risk and Compliance at Celent. “To do so, they need to efficiently and accurately capture the actions and relationships of potentially thousands or even tens of thousands of employees, yet many technology systems do not support the relevant functionality.”
RegEd offers a suite of fully integrated conflicts of interest modules, which enable firms to monitor, identify and remedy conflicts of interest and code of conduct issues among the firm’s employee population and third parties. The suite includes robust questionnaires solutions for managing Outside Business Activities; Gifts, Gratuities and Contributions; and Personal Securities Account Management.
“Conflicts of interest continues to be high on the radar of multiple regulators, and we certainly expect that to continue,” commented John M. Schobel, CEO & Founder of RegEd. “RegEd Conflicts of Interest solutions were developed in collaboration with the nation’s leading financial services firms, with sophisticated capabilities that drive efficiency and significantly reduce risk in this area.”
Mr. Schobel continued, “Our motivation for commissioning this report is to provide our clients, and the industry as a whole, with a comprehensive analysis of the key factors at work, and educate on the strategies that firms can apply to overcome the challenges they face.”
