Webinar

The months leading up to the 2020 U.S. Presidential election have seen unprecedented political donations on both sides of the aisle.

 Pay-to-play compliance is a concern for firms of all sizes. And it won’t go away after the election. Restrictions on gifts and entertainment and potential lobbyist registration requirements also remain areas of concern. Firms need to have policies and procedures in place to identify potential conflicts of interest—and avoid the fines and reputational damage that those conflicts can bring.

The SEC recently published a Risk Alert that provides an overview of certain compliance issues observed by the Office of Compliance Inspections and Examinations. The alert was created on the top of examinations of registered investment advisers, private equity and hedge fund manager examinations. 

Procuring an integrated conduct risk and compliance technology solution requires compliance officers to examine and manage several changes.

Firms are expected to maximize profits and reduce costs when choosing or changing vendors. A compliance technology solution can help firms to manage conduct risk, monitor conflicts of interest, comply with the fast-paced regulatory environment and reduce reputational risks. Besides, the benefits of saving costs and time if selecting the right solution.

To meet regulatory expectations firms must have a number of policy and rules in place, as well as manage conduct risk and monitor conflicts of interest effectively. In recent years, regulators have been stressing concerns on the ability of firms to manage conduct risk and highlighting that conduct is directly driven by the organization’s ethical culture.

Software works best when the right processes are in place. Changing to a new technology platform can seem daunting—but it doesn’t have to be. Knowing what to expect during a software transition helps to ensure a successful implementation.