e-Reg’s RegTech FAQ

What is a RegTech?

RegTech stands for Regulatory Technology. The purpose of RegTech differs depending on the business. For easyReg, the aim of our RegTech solution is to increase the efficiency and quality of a regulatory process.

easyReg is deploying a digital and technological platform called e-Reg to simplify and digitise the day-to-day work with financial regulation. To find out what you can achieve with e-Reg’s services, refer to the RegTech features we offer.

A wide range of RegTechs exist, with a variety of objectives based around technology and regulation. These include companies that aim to address challenges and mitigate risks such as the fight against fraud, money laundering, regulatory compliance etc.

The technologies used vary from one RegTech company to another, although you will generally find artificial intelligence, including machine learning.

To find out more about the various RegTech players and the technologies they use, read our blog post on the definition of RegTech, its benefits and practical applications.

Who are the customers of e-Reg, the RegTech platform that manages and simplifies regulation?

e-Reg’s clients are generally Swiss banks, financial institutions and law firms. They are joined by consultancy firms and other players or professionals who work with Swiss financial regulation.

Read our blog post to find out what each category of e-Reg customer can achieve in practice with our RegTech tools.

What do you mean by Swiss financial regulation?

Swiss financial regulation includes all acts, ordinances, FINMA circulars and self-regulation for which FINMA is responsible for direct or indirect regulatory supervision (see Article 1 of FINMASA).

Furthermore, the amount of information to be processed for banking regulation is constantly increasing, both in Switzerland and internationally. The sheer volume of sources and data to be explored requires the use of modern, digital tools, which is precisely what RegTech offers.

Is e-Reg a RegTech or a LegalTech?

As well as banks, law firms are also using e-Reg to boost day-to-day productivity. From this point of view, e-Reg can also be seen as a LegalTech. We generally consider the e-Reg solution to be a RegTech because the tool covers all Swiss financial regulations (beyond acts and ordinances).

In addition, most e-Reg users have backgrounds other than law. They work in different types of companies in the sector (banks, financial institutions, consultancy firms, etc.).

Do you need to have studied law to use e-Reg?

Not at all. Half of the users of our RegTech e-Reg tool have no legal training and do not work in the legal or compliance department of a bank or law firm.

e-Reg users include internal auditors and regulatory statistics specialists. There are also employees who manage regulatory monitoring and changes, as well as those who work in the Finance or Risk departments.

Many experts and professionals must implement Swiss financial regulations. The diversity of users of the e-Reg platform reflects this reality.

 

 

 

 

What features does the RegTech e-Reg tool offer?

We invite you to consult this page:

Our RegTech platform includes a wide range of features relating to financial regulation. They fall into two main categories.

The first covers aspects relating to regulatory knowledge. It includes the functions of research, knowledge management, regulatory libraries, etc.

The second category covers functionalities relating to project management and collaborative work. e-Reg facilitates exchanges between employees and the management of regulatory changes. The tool can be used to manage consultations with the authorities or to draw up an impact analysis.

Our RegTech solution continues to evolve. We have already added several functional bricks to e-Reg. Our users know that the tool is regularly adapted to their demands and needs.

We invite you to consult the RegTech features page to find out more.

Does e-Reg also cover non-Swiss financial regulations?

Yes, e-Reg also manages foreign financial regulations. In some cases, Swiss regulations cite these texts directly (for example, the Basel Committee standards). In other cases, regulations outside Switzerland have an impact on Swiss regulations (in particular, certain European Union directives).

We suggest you continue reading our blog article in French on Basel III and Basel III Final and its implementation in Switzerland.

Can the regulations covered by e-Reg be customised?

Yes, you can customise regulations within e-Reg – in fact, it’s one of the most powerful features of our RegTech solution. e-Reg users can go beyond the standard processing of regulatory texts.

We covered this ability to customise regulations thanks to RegTech in a blog post.

 

 

 

How can I find out more about e-Reg?

You can reach us via the contact page of our website, or call us on 00 41 22 510 24 50. We can also organise a demonstration of the RegTech e-Reg platform by videoconference or during a face-to-face meeting. Finally, you can chat with Enrico Giacoletto, the founder of e-Reg, on LinkedIn.

How can RegTech help me with regulatory monitoring and compliance?

A RegTech tool like e-Reg is the answer to your day-to-day regulatory issues.

It provides a simplified view of the upcoming regulatory calendar, with relevant and important deadlines for your company and your activities.

You can allocate the monitoring of a specific change to someone in your bank. He or she will then be the owner of the change and responsible of the implementation.

The system provides notification of changes, assuring the user that the situation remains and will continue to be managed effectively.

Within the regulatory calendar, you can quickly and easily filter and zoom in on the obligations that concern your company or your own work. The RegTech e-Reg platform enhances regulation related activity management and oversight.

With e-Reg, you can keep your policies, directives and other key internal bank documents up to date.

Is it possible to carry out regulatory monitoring with e-Reg?

Yes, our RegTech solution not only systematically provides the regulatory context when a search is carried out, but also the changes envisaged. e-Reg users have access to current regulatory projects. Therefore, it’s also a regulatory watch solution.

We are also working on the introduction of notifications for users, to detect regulations that need updating or that have become obsolete.

What languages does e-Reg work in?

e-Reg provides regulatory texts in French, German, Italian and English if they are available in these languages. The RegTech platform has been designed from the outset with a multilingual approach. This makes sense for the financial sector and for Switzerland.