Why is researching financial regulations rarely a sinecure?
The number of regulatory texts and sources continues to grow. This makes managing financial regulation a complex task, in the absence of solutions for structuring it. Everyone in charge of compliance work or projects faces recurring difficulties:
- quickly and exhaustively identify all texts based on a semantic or keyword search;
- easily analyse all the laws, ordinances, etc. obtained in a search ;
- track your research or analyses and share them within a database ;
- have the precise context of the research ;
- identify future regulatory changes or those in preparation.
easyReg, the Swiss RegTech that masters regulatory research
Financial regulation is a highly specialised field. The stakes for banks are high. They have to comply with regulatory requirements to obtain or maintain the best possible compliance, limit risks, but also control the growing costs of regulation. We are familiar with the difficulties of navigating through regulations, having encountered them ourselves in our various assignments within banks or as auditors. Convinced that a solution was needed, we designed e-Reg specifically to help the banking sector and its advisers achieve their objectives.
3 fundamental reasons to use a RegTech solution for your regulatory research
Regulatory research solutions such as RegTech are becoming a necessity. They save you precious time and much more.
1. The best research technologies for banks
Searching for regulatory information with e-Reg means :
- go beyond the classic manual search, for example in a PDF or Excel file;
- combine the power of algorithms and Machine Learning (AI) with research work ;
- make regulatory monitoring more effective ;
- centralise a large number of existing and new regulatory sources on the same platform;
- explore different search technologies, by keyword, by expression, according to the principles of semantic search, etc.
2. An online solution that provides context for every regulatory search
Researching financial regulations with e-Reg also means obtaining :
- contextual information, added to each search result, with explanatory reports mentioning the items searched for;
- a clickable regulatory context to develop analysis and understanding;
- a research strategy that enhances the results obtained;
- immediate operational time savings.
3. A RegTech solution for finding information in internal directives and procedures too
Regulatory management also involves incorporating regulatory changes or requirements into an internal framework specific to each bank. With e-Reg, every user :
- can add their bank’s own guidelines and procedures to the platform, in a segregated environment ;
- obtains mixed search results, combining FINMA laws, directives and ordinances, for example, with internal regulations ;
- benefits from the power of the search engine, with all sources of information centralised in one place.
Our RegTech search functions
In practical terms, how does RegTech research work with e-Reg? In short, the solution is the best Tech solution for browsing, targeting, locating, querying and learning.
1. Navigating regulatory texts
Browsing multiple sources of information simultaneously requires a powerful search engine and traceability of actions. That’s how e-Reg works. Our RegTech solution :
- attacks multiple sources of information, both external and internal to each bank ;
- makes it easy to go from a global result to a detailed extract, and to go back, thanks to clickable links.
The search solution presents each result in a window with :
- in the upper centre, texts relating to the keyword or expression searched for, with clickable links ;
- in the lower section, the context of the research, with hyperlinks to explanatory reports or related texts ;
- in the top right-hand corner, any comments added by e-Reg users within the company or bank subscribing to our services.
2. Targeting key concepts and definitions
A RegTech regulatory search solution like this makes it easier to do things like :
- Quickly find all existing or forthcoming regulatory information (watch) for a specific concept, without omitting any data or information relating to the subject in question.
- Define each concept, with the results of the search around a keyword or expression, but also by immediately analysing the context.
3. Get to the heart of the text when you need to
With regulatory search in RegTech mode, you can go straight to the heart of the text, exactly where you need to be at the right time. There’s no need to skim through multiple pages in PDF format, go back to your notes, whatever their format, or use your memory.
- Need specific information at a particular time? With e-Reg, the search engine brings you the answer instantly.
- Have you already carried out regulatory consultations or impact studies? Your comments on the analysis of the same regulatory source appear immediately in the results window. Your previous work is also saved in the e-Reg dashboard.
4. Question the act and get an instant answer
Searching with RegTech means accessing the act directly and immediately, by asking a question or using a keyword. Our database is constantly updated and also takes account of draft regulations currently being drawn up. You will never be able to manually find the precise passage of an act, ordinance or circular in such a short space of time. What’s more, the search result also includes the full context of the information you are looking for, i.e. the official explanations.
5. Learn and become or remain an expert on a regulatory topic
Financial regulations sometimes require you to specialise in areas such as derivatives, equity capital, the fight against money laundering (AMLA), and so on. With e-Reg, you can master all the information on a given topic more effectively. In just a few clicks, you can access all the relevant passages of the act on a specific subject. At the same time, you can find all your previous comments added online on each regulatory passage.
Traceability and documentation of your work, search by search
Doing your regulatory research with e-Reg gives you access to the solution’s peripheral functions. In addition to the additional information provided on the results page and the context, our customers, whether banks or consultancy firms, can annotate the texts and keep track of them.
Do you need to implement a regulatory change, such as those brought about by the final Basel III ? With the dashboard and search function, you can see what has been done or what needs to be done, for each person involved in the project. The solution also includes libraries of changes or libraries of regulations. This way of working makes it easier for teams to work together on compliance.
easyReg can help you with all your research needs
Our e-Reg platform is an efficient way of carrying out your regulatory research, with the support of our consultants if necessary.
Experts at your disposal for a tailor-made approach
With the SaaS formula of the e-Reg platform, our customers are autonomous when it comes to carrying out their own regulatory searches. They can access it at any time, whenever they need information. e-Reg becomes their favourite search engine. Our experts remain at their side in two ways :
- help with setting up the solution in financial institutions, to make it easier to get to grips with the various functions ;
- availability to respond quickly to questions or resolve particular difficulties.
Regular sharing of major news and information
easyReg is also :
- periodic email updates on new features, regulatory news, tips on using the solution, etc. ;
- the publication of themed articles on our blog and on LinkedIn.
Other services offered by easyReg
Other functionalities complete e-Reg, the regulatory research service in SaaS mode. There are also customised services for which we handle your problems ourselves.
Extended functionality on the e-Reg platform
RegTech-style regulatory research is part of a more comprehensive process in terms of functionalities. You can :
- keep abreast of regulatory developments ;
- 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 subscribe to our SaaS solution
We offer a different way of working with RegTech. For those who prefer to entrust us with their questions and problems, without subscribing directly to the SaaS platform, it’s possible.
Our experts will then take care of processing the subjects and carrying out the research for you, using e-Reg. For this type of service, take a look at our services page and contact us to discuss how we can work together to meet your needs.
How does our RegTech research platform work?
The various players involved in financial regulation are looking to improve their performance, and e-Reg is the answer. The first step in using the platform is to ensure that the search process is efficient, structured and completely secure.
RegTech research on a subscription-based platform (SaaS)
Our customers are employees of financial institutions, consultancies and compliance auditors. They access the e-Reg online research solution by subscription. It’s SaaS (Software as a Service), so there’s no need to buy an on-premise licence. This means that any company or banking institution interested in the solution can easily take out and terminate a subscription to the service. It’s a flexible learning process, so try it before you buy! We also offer a personalised 30-minute presentation. To sign up:
schedule your personalised demonstration here