Why Train Your People?
We know that the ever-increasing demand for understanding and getting on top of risk and regulatory compliance is impacting your financial institution heavily. Growing risk and regulatory requirements, and particularly regulatory changes over time, are a big challenge to you. This, coupled with multiple geographical locations, regulators, languages, required local expertise and local accounting standards add to this complexity. Every regulator also applies its own local discretions that are a spin-off from local law.
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The course was excellently presented and very informative. The trainer’s eloquence and anecdotal stories helped make what is essentially a boring subject, informative and entertaining. |
We acknowledge that reporting to regulators in these changing times is not only a necessary evil for your financial institution; it can also be a nightmare to stay abreast of the changes. However, ask yourself... Given the moving target which is the world of risk and regulatory reporting, can you afford not to ensure that your team is equipped with everything it needs to comply? There are actually a few compelling reasons to invest further in your regulatory reporting through training. Here's why:-
- Training could boost greater self reliance of your team which translates into less need for on-site consultancy i.e. less costs
- Increased training enhances understanding of all the functionality of the software which helps mitigate the risks associated with not understanding
- Your team will be given the opportunity to produce results faster due to better understanding of the regulations and the software
- Happier staff who are more in control of their time and environment
- It's an opportunity to maximise the investment your institution has made
Additional benefits include:
- Reducing delays in producing reports
- Better reporting of issues in the FRSGlobal support system, CCWS which translates into fewer delays in answers
- More knowledge means fewer non-issues reported, saving you time and money
- Fewer charges for customer error visits
- Helping you reduce your risks of mistakes that could impact your relationship with the regulator
- Allowing you to reduce instances of misreporting to avoid possible fines from regulators
