Regulatory Engagement Management
The MetricStream Regulatory Engagement Management App enables you to successfully navigate multiple types of regulatory engagements with federal, state, and international supervisors. These engagements may vary in scope based on whether they are examinations, general inquiries, investigations, enforcements, or regulatory meetings. The frequency of these engagements may also vary depending on their purpose. The MetricStream app supports the efficient management of each engagement throughout its lifecycle - from the time the engagement letter is received, till the time a response is submitted to the regulator.Download Datasheet
Supports the creation of different regulatory engagement types; captures all relevant details for engagement creation, including engagement type, regulator name, relevant dates, owners, and contacts
Provides the ability to create and assign tasks and sub-tasks for each regulatory engagement with task management workflows; helps set due dates for each task with regular notifications and alerts to drive the task to completion
Helps define and assign roles and responsibilities for each engagement, task, and sub-task; supports submission of the response to the regulator upon completion; restricts access to sensitive data based on ownership and security controls
Helps record regulator findings and sub-findings with relevant details, including finding summary, root cause, and owner; enables the creation and tracking of action plans to drive the engagement to completion
Supports attaching multiple types of regulatory and internal documents across the engagement process; provides a centralized repository to store regulations, policies, first day letters, email records, and other examination material
Drives effective collaboration during various stages of the regulatory engagement through seamless integration with Microsoft Outlook; supports the initiation of Outlook tasks and meetings through the app itself
Provides standard reports and dashboards with comprehensive visibility into the regulatory engagement process, including status, tasks, and findings; helps users slice and dice the data to uncover critical engagement patterns and trends
- Automate the regulatory engagement management process, significantly reducing the time and costs involved in exam management
- Gain robust, multi-level security and access controls with support for hierarchy-based organizational models and org-role pairings
- Improve visibility into the progress and status of various regulatory exams and interactions
- Integrate regulatory engagement management with other attributes of the GRC ecosystem, including risks, compliance, and policies
MetricStream’s platform is capable of completely supporting our complex compliance frameworks.
MetricStream Regulatory Engagement Software Solution
In an era of increased regulatory scrutiny, organizations of various sizes are subject to multiple regulatory exams to evaluate the safety and soundness of their enterprise, as well as their compliance with applicable regulations. In some cases, especially for large and systemically important financial institutions, these exams may extend throughout the year, as regulators examine each area of the bank. The MetricStream Regulatory Engagement Management Software Solution enables you to implement industry best practices for managing regulatory engagements. The solution eases the burden on regulatory engagement managers and the Regulatory Liaison Office (RLO) by providing advanced capabilities such as automation of task management through Outlook integration, built-in action plan and remediation workflows, email-based notifications and alerts, and pre-configured reports and dashboards.