Efficiently Manage Multiple Types of Regulatory Engagements
The MetricStream Regulatory Engagement Management App streamlines and automates the process of managing various regulatory engagements, including examinations, meetings, and requests for information. The app supports engagement creation and task management, and captures all regulatory engagement data in a central repository, thereby making it easy to share and access.
Workﬂows are clearly deﬁned and systematic, thus minimizing any inconsistencies or redundancies. In addition, powerful dashboards, reports, and metric cards provide comprehensive and real-time insights on various engagements, tasks, ﬁndings, action plans, and trends, enabling stakeholders to make informed decisions that strengthen the organization’s relationships with regulators. The app is certiﬁed for conformance with global accessibility standards and best practices as deﬁned by WCAG 2.1 Level AA and Section 508.Download Datasheet
Enabling High Performers
Responsive and personalized interface designed for regulatory engagement managers
Highly configurable to meet your specific regulatory engagement requirements
Mobile ready, enabling engagement management anywhere, anytime
Real-time risk intelligence and insights for better decisions
Fast, lean, ready for the future
Document various types of regulatory engagements across multiple regulatory authorities and jurisdictions. Record key details such as the regulator name and contact information, country, engagement owners, start dates, and due dates for responses. Map new engagements to existing engagements, as well as the associated regulatory authorities, areas of compliance, risks, and processes. For each engagement, deﬁne roles and responsibilities, and map them to the organizational hierarchy.
Create, view, and track tasks and sub-tasks for each regulatory engagement. Maintain all task details, including type, description, request letter deliverables, and task response. Assign tasks to individuals with clearly deﬁned due dates, and trigger automated alerts to keep the process on track. Upload tasks and sub-tasks in bulk using a simple spreadsheet. Create a meeting as a task, and enable task owners to capture details of the proceedings. Map engagement tasks to applicable GRC foundation library data such as regulations, requirements, processes, and risks.
Document, manage, and monitor all engagement ﬁndings. Summarize the ﬁndings, as well as their type (e.g. matter requiring immediate attention), root cause, and owner. Manage, assign, and track action plans to closure. Enable engagement owners to prioritize and assign resources for investigation and remediation using the underlying workﬂow and collaboration engine.
Maintain all ﬁrst day letters, email records and other relevant material in a central, secure repository. For each engagement, attach multiple documents, including request letters, supervisory letters, ﬁndings, evidence of action plans, and previous engagement documents. Search through attachments easily based on type and title. Generate response letters that can be easily extracted to a structured report for regulatory review.
Through the MetricStream app’s pre-built integration with Microsoft Outlook, set up engagement meetings, trigger notiﬁcations, and view engagement tasks and meetings from your Outlook application. Ensure that for all assigned tasks, an email is automatically sent to the respective stakeholders, and the task shows up as an appointment in their Outlook calendars.
Gain comprehensive visibility into the regulatory engagement process through interactive reports and dashboards with drill-down capabilities. View real-time insights on the number of open engagements, regulatory ﬁndings, tasks and action items, engagement trends, and other critical data. Personalize landing pages to view information relevant to your role.
- Strengthen the coordination and tracking of regulatory exams, meetings, investigations, and other engagements across the enterprise
- Securely organize, store, and access regulatory engagement documentation, task details, and findings
- Easily manage regulatory engagement meetings, schedules, tasks, and notifications through pre-built integration with Microsoft Outlook
- Enhance the transparency and accountability of regulatory engagement activities by mapping each engagement to the associated tasks, sub-tasks, dates, owners, and other key details
- Gain the ﬂexibility to slice and dice regulatory engagement data from various perspectives in order to derive critical trends and patterns
Using a GRC tool saves time, streamlines your processes, and can be used across the organization thus increasing transparency and accountability. Using a GRC tool saves time, streamlines your processes, and can be used across the organization thus increasing transparency and accountability.
Using a GRC tool saves time, streamlines your processes, and can be used across the organization thus increasing transparency and accountability.
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.