An effective collaboration tool that helps meet complex regulatory requirements across different teams.
Regulatory requirements around risk management can be extremely complex. Regulatory capital calculations, for example, are used within risk models but also based on interpretations from the advisory team and counsel as well as modelling by quant teams.
How we helped
Single Rulebook enabled different teams to use a single digital source of constantly maintained regulatory requirements, and to create a shared audit trail of all regulatory interpretations. Some teams accessed Single Rulebook via the user interface, other teams accessed via the API.
The ability to trace interpretations of regulation back to a constantly maintained, single copy of the regulatory requirements reduces risk and increases collaboration. Integration of Single Rulebook with other systems provides traceability for end users and ensures that these systems can be properly maintained whenever the regulation changes.