Regulators are increasingly focusing on the financial products and services sold to retail investors. There is a drive to ensure products and services sold to clients are properly assessed and meet the requirements of clients before they are offered by a distributor.

The regulatory focus on financial products/services comes in the light of the financial crisis when some products either didn’t perform as intended or where distributors didn’t understand the product they were offering to their clients.

GRC-Maestro supports Producer Product Due Diligence with:

    • Maestro-Templates: based on regulatory requirements for controlling products distributed
    • Schedules: periodically sending Maestro-Forms to designated oversight staff as part of the ongoing product monitoring
    • Incidents: evaluate issues emerging from distributing products and ensure they are investigated and resolved

GRC-Maestro evidences to regulators that your business has a thorough control over financial products and services distributed.

Reporting on: Product Due Diligence (Distributor)

  • No Issue
  • Incident: No Breach
  • Incident: Breach

Performance Monitoring

Periodically monitor the performance of each product/service against the expected performance.

  • No Issue
  • Incident: No Breach
  • Incident: Breach

Service Exception Management

When “thresholds” are breached ensure they are flagged and remedial action taken to resolve.