Managing Client & Counterparty Documentation in a Regulatory World

Best practice approach to collecting, managing and sharing client documentation to support regulatory compliance.

In this whitepaper, Fenergo describes a best practice approach to documentation management based on implementations it has completed for Tier 1 and Tier 1 financial institutions in investment banking and capital markets.

The benefits of implementing a best practice approach like this include greater operational efficiencies, an enhanced client experience, improved time to revenue, better risk and compliance management and proven regulatory coverage.

Document management and control is critical for regulatory compliance with AML / KYC and other regulatory frameworks such as Dodd-Frank, FATCA, EMIR, MiFID II etc.

Financial institutions must prove that they are in compliance with all local and global regulations through evidentiary record keeping and document management that proves coverage across all regulatory frameworks.

Documentation is required to show evidence of compliance and forms an integral part of the KYC, due diligence, risk-scoring and classification processes for all clients.

The ability to evidence all key data elements that are captured and link these data elements, not only to a particular document but to the specific and relevant section of a document, is the Holy Grail of regulatory documentation and compliance management.

Financial regulators expect a high level of evidentiary documentation standards and coverage across all regulations. And yet despite its regulatory importance, for many financial institutions the area of compliance document management remains highly siloed and fragmented, with most institutions not knowing what documents exist within their organization or where they are stored.


Download Managing Client & Counterparty Documentation in a Regulatory World