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RegEd Hosts Policies and Procedures Management Workshop for Compliance, Legal and Risk Professionals in the Financial Services Industry

Raleigh, NC, Dec. 21, 2015 (GLOBE NEWSWIRE) -- RegEd, the leading provider of compliance and risk management technology to the financial services industry, hosted the Policy Management by Design workshop earlier this month at the View of the World Terrace Club in Lower Manhattan’s Financial District. The workshop was presented with GRC 20/20 Research, a leading industry analyst firm. Attendees included executives and senior managers from Compliance, Risk Management, Legal and Governance in the financial services industry.

Today’s regulatory and enforcement climate has resulted in an increased demand for well-designed policy governance and processes that can be practically implemented and are demonstrably effective to satisfy executive leadership and industry regulators. Michael Rasmussen, The GRC Pundit of GRC 20/20, commented, “It is no longer enough to simply make policies available. Ad hoc or passive approaches often result in policies, training and controls that are outdated, scattered across the organization, and not consistent - leading to confusion for recipients and potential compliance gaps for the firm. If this critical process is poorly managed, producing the audit-ready documentation increasingly demanded by regulators becomes a significant challenge, and firms run the risk of being the subject of enforcement action.”

The workshop provided attendees with a blueprint for creating and managing an effective, efficient and agile policy management program. “Policy management by design requires a structured approach in the context of how the organization operates. This is done through defining the right process, information and technology architecture that best meets the needs of the firm,” Rasmussen continued. Participants engaged in collaborative exercises throughout the workshop, exchanging best practices and techniques for effectively managing policies and procedures in their own organizations.

Debra Freitag, Chief Strategy Officer at RegEd, stated, “We were happy to host this workshop. Attendees benefitted from Mr. Rasmussen’s insight surrounding policy management governance and guidance on establishing processes that can be applied at an enterprise or department level.” Freitag continued, “There was also discussion related to the best practice of employing technology, such as RegEd’s integrated compliance management platform, CODE, to routinize compliance processes. CODE enables comprehensive, end-to-end administration and oversight of all elements of the firm’s policies and procedures, including the ability to readily provide evidence of ongoing effectiveness.”

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About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers. RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk. For more information, visit www.reged.com.


Madelyn Matthews 919-653-5202 Madelyn.matthews@reged.com

Source: RegEd