Regulators are increasingly focusing on the financial products and services sold to retail investors. There is a drive to ensure products are designed to benefit clients and not primarily to enrich the product/service producer.

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 were designed to profit the product producer at the expense of clients.

GRC-Maestro supports Producer Product Due Diligence with:

    • Maestro-Templates: based on regulatory requirements for controlling products produced
    • Schedules: periodically sending Maestro-Forms to designated oversight staff as part of the ongoing product monitoring
    • Incidents: evaluate issues emerging from producing 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 produced.

Reporting on: Product Due Diligence (Producer)

  • 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.