Wolters Kluwer Financial Services has launched a new ARC Logics Conduct Risk Governance solution tailored for firms governed by the U.K.'s Financial Conduct Authority (FCA).
The solution enables firms to manage their Conduct Risk programs, ensuring they remain compliant, efficient and transparent to internal stakeholders, regulators and shareholders.
The solution integrates Wolters Kulwer's Conduct Risk Governance solution, part of its ARC Logics' enterprise risk management solution suite.
"The new regime requires senior management to be more closely involved in its firm's treatment of customers via a conduct risk program, which provides a comprehensive view of the governance, culture and controls across its entire business," says Richard Pike, senior market manager at Wolters Kluwer Financial Services. "Through ARC Logics' Conduct Risk Governance solution, financial institutions can achieve this required oversight by understanding the regulatory requirements, issuing policies in line with these requirements, carrying out conduct risk assessments, getting assurance that systems and controls are working and finally getting detailed reports on the entire program."