The new offering will help risk and compliance professionals at broker-dealers, investment advisors and hedge funds better understand and evaluate compliance, operational and other risk across their entire organization.
ARC Logics for Financial Services solution, combines ERM technology with the regulatory content and compliance expertise of Wolters Kluwer Financial Services.
It also provides direct integration with the company’s Compliance Resource Network, which consolidates securities laws, regulations and commentary, and its Policies and Procedures solution, a system that monitors regulatory changes and helps build and maintain a firm’s compliance manuals.
ARC Logics for Financial Services provides a common collaborative platform to monitor, measure and manage compliance and operational risk across all business lines and legal entities, and across multiple risk disciplines.
The platform allows a coordinated approach for completing risk assessments, reporting risk incidents and issues, providing control attestation, and producing appropriate reports for regulators, board members, executive management and shareholders.
Wolters Kluwer Financial Services Enterprise Risk Compliance business vice president and general manager Todd Cooper said that the ARC Logics for Financial Services helps securities firms gain greater visibility into the key risks facing their organization and the efforts that are currently underway to resolve and prevent issues, while allowing them to archive all of this information for regulatory exam purposes, investor relations, board reporting, and maximum impact of investments. In short, the company help customers best take advantage of the dynamic tension between risk and opportunity.
