Regulators are demanding that firms implement a “Compliance Culture” over and above simply following the rules.
Implementing and managing a “Compliance Culture” is complicated by the ambiguity of “culture” and “ethics”. But your firm must be able to show it has assessed its current culture and implemented a plan to make compliance more than just “box checking”.
GRC-Maestro supports your Compliance Culture management and reporting with:
- Maestro-Templates: based on your specific Compliance Culture requirements for your group, and optionally for different business lines and jurisdictions
- Schedules: periodically sending Maestro-Forms to assess and update the ongoing Compliance Culture
- Incidents: evaluate responses with automatic and manual incident creation, reporting and resolution
GRC-Maestro evidences to your Senior Management and Regulators that your business operates a Compliance Culture.
Reporting on: Compliance Culture
- Ethics Implemented
- Ethics In Progress
- Ethics to Review