Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Top Stories > WOLTERS KLUWER FINANCIAL SERVICES HIGHLIGHTS PATH TO REGULATORY CHANGE MANAGEMENT

WOLTERS KLUWER FINANCIAL SERVICES HIGHLIGHTS PATH TO REGULATORY CHANGE MANAGEMENT

Published by Gbaf News

Posted on May 31, 2014

2 min read

Last updated: January 22, 2026

WOLTERS KLUWER FINANCIAL SERVICES HIGHLIGHTS PATH TO REGULATORY CHANGE MANAGEMENT - Top Stories news and analysis from Global Banking & Finance Review

Solutions Provider Issues 10-Step Challenge Checklist for Financial Institutions

By the start of 2014, nearly 6,000 changes were made to the U.K.’s Financial Conduct Authority/Prudential Regulation Authority handbook alone, causing an overload of new regulatory information for financial institutions. To help institutions reduce the risk of noncompliance and resulting regulatory penalties, Wolters Kluwer Financial Services has released “Finding the Way to Regulatory Change Management”. The new white paper examines the challenges caused by this global information overload and outlines a 10 step “Challenge Checklist” to help institutions work more efficiently and effectively towards regulatory compliance. The steps, which are accompanied by more detail in the paper, include:

Identify the scope of the content required to support the organization, jurisdictions and the lines of business.
Determine the current and/or desired information sources: legislative, regulatory agency, exchanges, news wires, trade associations, other third-party providers.
Evaluate existing source information delivery systems to manage the delivered content.
Identify introduced/enacted laws and proposed/adapted regulations and miscellaneous publications with financial services impact.
Develop monitoring processes and assign accountability for the ongoing identification and monitoring of tasks.
Evaluate enacted and adopted measures to determine what affects the organization.
Determine the operational impacts and steps to be taken to achieve compliance.
Implement required process changes, utilizing reporting functionality to track timely implementation.
Establish accountability/ownership for the new process steps.
Control the new processes and maintain control through periodic audits.

WOLTERS KLUWER Financial Services Highlights Path To Regulatory Change Management

WOLTERS KLUWER Financial Services Highlights Path To Regulatory Change Management

“The volume of information is only part of the issue for firms. Eliminating manual processes and having the required expertise to make clarity of the often complex laws produced by regulators are also stumbling blocks on the road to effective regulatory change management,” said Richard Pike, vice president, market management, non-financial risk at Wolters Kluwer Financial Services. “The 10-step challenge checklist, along with the issues and road mapping outlined in this paper, provides a straightforward guide to many of the questions firms should be posing themselves.”

Wolters Kluwer Financial Services’ Regulatory Change Management offering helps organizations effectively manage the process of change in their risk and compliance programs. By bringing content, workflow control and robust reporting capabilities to the regulatory change management process, the solutions helps organizations effectively manage change, prove compliance and thus make better business decisions.