Wolters Kluwer Financial Services has launched a new Compliance Resource Network (CRN), which consolidates up-to-date financial laws, regulations and commentary from across the globe on one comprehensive research platform. CRN provides rulebooks, laws and regulations for multiple business areas, including securities, fund management, banking, commodities and derivatives.
CRN has been expanded to include additional global jurisdictions. Financial services professionals can access rules and regulations for the US, UK, Canada and Australia, as well as daily compliance news for Asia and the European Union. With its enhanced search technology, the new CRN makes it easy to find information quickly, filter it by an individual user’s requirements and concurrently run multiple searches—including those for different jurisdictions.
Anna Monteiro, senior director of regulatory solutions at Wolters Kluwer Financial Services, said: “Monitoring activities related to each individual regulatory body becomes an extremely time-consuming, and subsequently, costly process for financial firms. The new Compliance Resource Network solves that challenge by allowing financial services professionals to search multiple regulators at once and to tailor regulatory updates for their business.”
Mark Coronna, executive vice president for securities and insurance at Wolters Kluwer Financial Services, said: “Firms that previously only needed to be aware of the laws and regulations in one country are now responsible for making sure they are meeting requirements of jurisdictions around the globe. Our goal is to help these organizations access the rules and information they need, understand the applicability to their business and ultimately comply with confidence.”
