POLICY MAPPING

Find out how Pangea3 helps companies in regulated industries keep track of the untrackable and meet their compliance obligations in a fast-paced regulatory environment.

How Pangea3 helps a large financial services firm keep track of the untrackable.

It can be harrowing being a large multinational firm today, especially in a highly regulated industry like banking. Sweeping regulatory changes from the financial crisis compounded by existing regulations have put additional responsibility on financial services companies to ensure compliance, leaving many companies struggling to adapt. Moreover, global companies have an increased burden to ensure that all internal policies capture these regulations accurately. In this case, the client is a Global Fortune 150 financial services company that provides private banking, asset management, and investment banking services, and operates in more than 50 countries. With an extensive global reach and a culture of promoting prudent business practices, the client needed to stay abreast of regulatory changes and ensure that its policies matched the shifting landscape.
 

The Challenge

Keeping track of the applicable legislation could be done with a research tool, but mapping the countless internal polices to the rules and legislations, while ensuring each business unit and jurisdiction was up-to-date, was a challenge that required more than a simple tool. Essentially, the client needed to keep track of what seemed to be the untrackable. 
 

The Pangea3 Solution: Policy Mapping 

Pangea3 provided a solution that helped the client put its arms around these changes and anticipate the effects on its business, which allowed the company to meet its compliance obligations. To ensure the most complete view of regulatory compliance, Pangea3 categorized and organized relevant federal rules and regulations regarding finance and securities according to a client-specified taxonomy. Internal policies were mapped to not only these rules, but also to the rules of various U.S. stock exchanges and Self Regulating Organizations (SROs). 

By developing a map that provides a simple way to match internal policies to the relevant rules and regulations, Pangea3 gave the client a birds-eye view of where potential compliance issues might exist, and effectively highlighted the gaps in its policies. Pangea3 accomplished this through a team of expert lawyers in India, who reviewed over 3,000 internal policies and applicable regulations. This was done quickly and efficiently through renowned project management processes. As part of the solution, Pangea3 will continue to monitor and adjust the policy map on an ongoing basis