Why is regulatory monitoring so complex in the banking sector?
The financial departments of banks and consultancies alike struggle to monitor compliance effectively. Achieving compliance on time can be a real challenge when budgets and resources are constrained. Added to this are the difficult availability of key contacts who are occupied with day-to-day business.
People dealing with these issues face a number of pitfalls:
- a large number of regulatory sources and legislative processes that make regulatory management more complex;
- difficult to identify and extract deadlines and key points in a text ;
- unclear access to the regulatory context, explanations and official examples to understand the impact;
- a lack of solutions for managing the regulatory changes brought about by curation;
- Difficulty in planning for the long term to ensure optimum anticipation;
- traceability of monitoring work, which is lacking.
e-Reg, the Swiss RegTech platform specialising in financial regulatory monitoring
Regulatory monitoring is part of the wider process of regulatory management. At easyReg, we know these challenges particularly well. Without a solution, achieving maximum compliance at the lowest possible cost, and therefore limiting risks, can be like squaring a circle.
We have experienced these difficulties in Swiss banking institutions. This prompted us to develop our own RegTech application. That’s how the e-Reg platform was born. In particular, it provides a practical, optimised solution for regulatory monitoring. With the technologies we use, you can go beyond the complexity of financial regulation in Switzerland.
5 major reasons for adopting regulatory monitoring software
Achieving and maintaining optimum compliance requires effective, structured regulatory intelligence. Identifying the need for regulatory changes requires maximum anticipation. Without a dedicated solution, this will be complicated in 2025.
1. Cutting-edge technologies for an optimised regulatory monitoring process in banks
Carrying out your regulatory watch with an off-the-shelf solution like e-Reg means :
- maximise the performance of the regulatory research process compared with data stored in a spreadsheet or PDF file;
- exploit Machine Learning and semantic search ;
- to have a search result enhanced by its context;
- the ability to manage very large quantities of information and data;
- link all existing and developing regulatory sources in a single analysis.
2. Control and trace the lifecycle of regulatory data at the click of a button
Regulatory monitoring software makes it easy to keep track of the deadlines applicable to each rule, act or ordinance. Throughout its lifecycle, you always have a clear and immediate overview.
3. Regulatory monitoring software for optimum anticipation
By definition, those in charge of monitoring and regulatory watch need to be far-sighted. There’s nothing worse than reacting in a hurry. The more you anticipate, the more time you have to prepare. The more regulatory changes require adaptations, or even strategic developments, the greater the need for early and effective curation.
Do you work in a private bank? This medium- and long-term vision is crucial to your planning needs. With a regulatory monitoring solution, you’re at the heart of the reactor, in a proactive mode.
4. A solution with solid foundations for managing regulatory change
Tasks relating to regulatory change need to be based on a solid foundation. Our regulatory monitoring software offers users this foundation with :
- essential concepts to master ;
- the key impacts of regulatory information ;
- the main actions to consider in your establishment.
For example, using e-Reg, you can view all the regulatory changes relating to final Basel III in just a few clicks.
5. Enhanced regulatory monitoring thanks to the application’s other RegTech features
With the e-Reg solution, curation does not take place in a vacuum. It is part of a wider regulatory management process:
- taking account of the procedures and rules specific to the banking establishment, with the ability to customise regulations;
- carrying out consultations or impact analyses ;
- This is directly linked to the management of regulatory changes, an action facilitated by our RegTech processes.
Features of our regulatory monitoring software
How do you use e-Reg in practice? In a nutshell, it’s the ideal software for browsing, situating yourself, querying the solution, following the news, reading the key points and taking action.
1. Smooth navigation through regulatory texts
The power of the e-Reg engine means that multiple sources of regulatory information can be consulted simultaneously. The presence of clickable links, the ability to comment on texts or share your analyses, all enhance the traceability of work and navigation. Returning to the previous page is as easy as using the best search engines. Lawyers love it, and they’re not the only ones!
2. A specialised regulatory news feed
e-Reg offers its users a regulatory information feed specially designed for them. Here, you don’t mix financial texts with regulatory requirements in other legal fields or with information on . This specialisation of the software helps those involved in monitoring in the banking sector to become real experts and stay abreast of all changes.
3. See at a glance the key points of a text and their impact
The important thing for the employee responsible for regulatory monitoring is to work quickly and efficiently. e-Reg makes it possible to search for and identify essential data on regulatory information in just one click. The algorithms used to analyse thousands of pages are ten times more powerful. What’s more, the application provides easy access to the most important points in the text, as well as the full context.
4. Quick access to suggested key actions and planning aids
e-Reg is also a central solution for managing regulatory change, a crucial stage that takes place just after monitoring. Any bank that uses our platform benefits from its collaborative features. It’s even a planning solution, a key point for the essential downstream actions required for effective curation.
The dashboard gives each project manager an up-to-date overview of the actions scheduled for each user concerned, step by step. This application makes it easier to comply with regulatory requirements.
Monitoring complemented by collaborative action, knowledge management and risk appetite
In addition to regulatory research and monitoring, the e-Reg platform is also :
Knowledge acquisition and management: libraries of regulations and changes, sharing of procedures, for example for training backups or for special treatments.
Easier, smoother working thanks to collaborative processes: management dashboard, task allocation, comment and notification functions.
This is an invaluable solution for strategic thinking, for example when drafting a financial institution’s risk appetite.
easyReg can help you with all your regulatory monitoring needs
We tailor our services to your specific needs. Whatever your preferred mode of operation, whether you choose to work autonomously or delegate your problems to us, we can offer you a tailor-made solution.
Experts to help you get to grips with the solution in complete safety
Our regulatory monitoring solution is implemented at the pace of each user. With the SaaS subscription, each customer benefits from personalised support. Thanks to this formula, they quickly gain autonomy. The e-Reg application becomes their favourite monitoring solution, always at hand. Our experts are always on hand when you need them. They help to resolve complex issues.
Regular communication of information to ensure maximum compliance
Regulatory intelligence is in our genes. It is our raison d’être. It is an omnipresent part of our daily work discipline. So we communicate regularly with our customers to keep them informed:
- new features offered by the platform;
- tips on how to get the most out of the software;
- major regulatory developments;
- themed publications, both on LinkedIn and on our website.
Other services and functions offered by easyReg
Our company has designed the e-Reg application for regulatory monitoring and much more. This RegTech software meets all your regulatory management needs. What’s more, we offer a range of other services, provided directly by our experts, without the need for a SaaS subscription.
Extended e-Reg functionalities for all companies dealing with regulatory compliance
Regulatory monitoring is part of a more comprehensive RegTech process. In terms of functionalities, you can also :
- carry out regulatory research ;
- collaborate within teams on regulatory issues ;
- managing regulatory changes ;
- manage current and future regulations;
- integrate internal policies on the e-Reg platform.
Tailor-made services without having to use our RegTech application yourself
Customers who prefer to entrust us directly with their regulatory problems also find this service at easyReg. Without a SaaS subscription, they ask us to handle files relating to financial regulation. Our team of experts carries out the necessary research and monitoring on the e-Reg platform for them.
With this service, the financial institution has access to the analyses and roadmap prepared and delivered on a turnkey basis by our specialists. This gives them a quick overview of the key actions suggested, for example, for regulatory monitoring.
For more details on this type of service outside the SaaS platform, see our services page. Contact us to find out how we can best support your monitoring or regulatory compliance work.
How does our e-Reg regulatory monitoring solution work?
There are many players involved in banking regulation. All e-Reg customers will find the answer to their regulatory management needs. Whatever the module, standard or optional, e-Reg provides the technological solution for the various financial services businesses. Regulatory monitoring is one of them.
Financial regulation monitoring available in SaaS mode
Our customers – banks, auditing firms and consultancies – use the e-Reg platform in SaaS mode. The application is hosted in the cloud in a secure environment in Switzerland and operates on a subscription basis. Here are the advantages of this service:
Schedule your personalised demonstration here