AWARD WINNING ACCOUNTABILITY SOLUTIONS

Redland has developed an award-winning set of Accountability solutions to fully support the specific requirements of the SM&CR Regime.

The need to Strengthen Individual Accountability is at the heart of the SM&CR regime, and the FCA and the PRA believe that holding individuals to account is a key component of effective regulation.

Our Accountability solution has been specifically designed  from the ‘ground up’ to meet the rigorous needs of the SMR, Certification and SIMR. The system has been proven in use since the advent of the regime and provides complete confidence that your regulatory obligations are met.

Under ‘Accountability 2’ there will be a widening of the regime across the breadth of the market. Firms impacted by the inbound regulation can be assured that through our ongoing technology investment, we will ensure that our Accountability solution keeps apace with future regulatory requirements.

Proven and trusted SM&CR ‘RegTech’


    Senior Managers Regime:

    • Management and production of MAPS (MRM)
    • Automatic compliance validation
    • Creation and maintenance of ‘SORS’
    • Committee management
    • Map drafting and audited approval processes
    • Automatic customised Map output
    • Recording of Reasonable Steps
    • Manage primary and 2nd tier reporting lines

     

    Conduct Regime:
    • Recording of role-specific training
    • Breach recording and management
    • Breach reporting to the Regulator

    Certification Regime:

    • Fit and proper assessment (FIT)
    • Competency assessments
    • Business process ‘Life Cycle’ requirements
    • Online competency testing
    • Continuous Professional Development (CPD)
    • Management of Regulatory References
    • Identification of Certified Individuals
    • Fully compliant Certificate records and renewal tracking
    • Reporting and dashboard management of the Certification Regime
    • Automatic Certificate production and storage

“Insight SMR is particularly relevant to us because the system easily supports the Senior Managers Regime (Banking) and the Senior Insurance Managers Regime.”

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