The need for a search tool in Swiss Financial Regulation
The Swiss financial industry is complex and made up of multiple layers of regulations. Laws, ordinances, FINMA circulars, and self-regulation are all important elements of the regulatory landscape in Switzerland for banks. Sometime additional documents need to be consulted such as messages, explanatory reports or consultations reports. It can be difficult to keep track of all these elements, making it essential to have access to an efficient search tool that makes navigating the Swiss Financial regulatory framework easier. Let’s take a look at why the ability to search in Swiss financial regulation is so important.
1 – Find quickly
One of the challenges facing financial professionals in Switzerland is navigating the vast amount of information available on financial regulations. This requires understanding the structure of Swiss law as well as keeping abreast of new developments in financial regulation from different regulatory sources. Without access to an efficient search tool, it can be difficult or even impossible for professionals to quickly find relevant information within Swiss financial regulation.
Using a search tool not only speeds up the process but also helps increase accuracy since searches will cover the relevant regulation and related legal documents (e.g. explanatory reports, consultation reports, …).
Additionally, a comprehensive search tool allows users to save time by searching for specific keywords or phrases related to their query without having to manually browse through multiple documents or websites. This makes finding information much faster and more convenient than ever before.
Searching through Swiss financial regulations using a comprehensive search tool allows users to easily browse different regulations instead of having to manually go through each regulation individually, saving valuable time and effort in the long run.
2 – Always up to date overview
As e-Reg is an online search tool, it is always up to date and thus you ensure that your searches are always performed on up-to-date documents. Future regulation is also available and shown next to the search results based on current regulation.
3 – Reduce error risk
Finally, e-Reg helps reduce risk by allowing users to perform more searches to ensure the correct understanding of applicable regulation.
Having access to an efficient search tool when working with Swiss financial regulation has many advantages for finance professionals working with Swiss regulation. Not only does it make locating pertinent information faster and more accurate but it also helps simplify processes while reducing risk associated with complying with current regulation and new developments.
4 – Conclusion
How much more could you achieve in one day, if you could search quickly and efficiently in the various layers of Swiss financial regulation?
This is why the RegTech easyReg created e-Reg, a web application that search efficiently in the Swiss Financial Regulation (and much more).