GFT Launches Revolutionary Regulatory Change Management Service

LONDON, May 18, 2016 /PRNewswire/ --

• Enables banks to track global implementation of all capital markets regulation, including MiFID II, EMIR, Dodd-Frank and SMR 
• Decreases ongoing regulatory compliance costs and reduces regulatory risk 
• New Service built on the award-winning GFT Regulatory Change Manager toolset 
• Successfully implemented theTrade and Transaction Reporting department project at RBS 

GFT, the global provider of advisory, business consulting, IT and software services to the financial services community, has today announced the launch of its Regulatory Change Management Service, an award-winning solution that gives firms the ability to create an end-to-end tracking process to keep on top of their regulatory challenges.

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Using the GFT Regulatory Change Management Service, banks can ensure that senior managers are able to confidently deal with the high frequency of global regulatory change in a structured way, across the organisational silos that exist within the firm. The Service synthesises the mass of information that all firms need to deal with, covering: content feeds, taxonomy and repository, roles and responsibilities, best practice business impact analysis, requirements and functional design production; all brought together by the GFT Regulatory Change Manager which incorporates workflow, task management and a visually impactful dashboard.

Every new piece of relevant regulation affecting financial firms, including MiFID II, EMIR, FRTB, SMR and Dodd-Frank can be covered. The new Service offers a cost effective interpretation of all global regulations, then uses best practice to build the requirements and functional designs, enabling banks to keep abreast and comply with each regulation. The toolset that the Service deploys has already been awarded a Banking Technology Award for 'Best Use of IT for the purpose of Risk / Regulatory Change', following the successful implementation of a Trade and Transaction Reporting department project at RBS.