June 12, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation in the American Bankers Association (ABA) Regulatory Compliance Conference which will be held from June 12-15, 2011 in Washington D.C. The conference will provide a vast array of best-in-class resources, interactive sessions and insights on regulatory compliance management in banks, from leading regulatory experts.

The US banking industry is experiencing sweeping changes with the passage of landmark reforms such as the Dodd-Frank Act Wall Street Reform and Consumer Protection Act. The efficiency with which these new reforms are managed and integrated into operations isbecoming an indicator of success. In fact, regulatory compliance is increasingly being leveraged by banks to differentiate themselves from the competition, and enhance the trust of stakeholders and customers.

The ABA conference will help banks learn how to enhance their regulatory compliance programs for optimal effectiveness. Now in its 25th year, the event is set to bring together experienced bank compliance officers, auditors, legal counsel, regulatory officials, bankers and consultants to share their experiences and insights on compliance management.

MetricStream will be participating in the conference and showcasing its market-leading compliance management solution. Recognized for its rich features, flexibility and extendibility, MetricStream Solution is chosen by leading global financial institutionsincluding Central Banks, Federal Financial Agencies, Asset Management firms, Retail Banks, Broker-Dealer firms, Investment Banks, Stock exchanges and Clearing corporations.

The solution provides a common framework to integrate and manage all compliance regulations, ranging from corporate compliance  policies and standards, to external mandates such as the Dodd-Frank Act, Basel laws, AML provisions, SOX and PCI-DSS. Built on a central platform, the solution helps streamline and sustain compliance and controls processes across the enterprise. Redundancies are eliminated, errors are minimized and a closed-loop compliance framework is established.

Powerful dashboards and risk heat maps provide real-time visibility into the compliance status at an enterprise-level, highlighting issues that need to be addressed. Simultaneously, an integrated content management module provides a centralized repository for the efficient organization and management of compliance regulations, standards and policies. Integrated collaboration and workflow tools can be used to access, create, modify, review, and approve regulatory policies globally in a structured manner.

MetricStream Solution is embeddedwith regulatory intelligence management features thattrack and capture data from variousexternal regulatory sources. Coupled with automatic alerts, these features help ensure that banks are always up to date on new regulations and changes to existing ones.

MetricStream also provides a Regulatory Relationship Management  Solution which enables banks to efficiently plan, organize and manage regulatory examinations. It helps compliance managers ensure the effectiveness of controls, respond quickly to regulatory examinations, and thus strengthen the institution’s reputation among regulators. It also assists examiners by facilitating a risk-focused examination that targets higher risk areas, and helps determine the appropriate review process.

About MetricStream

MetricStream is the independent market leader in enterprise cloud applications for governance, risk, compliance (GRC), and quality management. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.(www.metricstream.com).

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