GRC Digital Risk Infographic

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In April 2013, the Federal Reserve Bank of New York (FRBNY) defined a range of capabilities critical to the operational resilience and contingency planning of large financial institutions and to the resiliency of the financial system as a whole.

Specifically, FRBNY identified the requirement of a large money center bank to have the capability to provide Material Legal Agreements (MLAs) or Key Agreements by Material Legal Entity (MLE) including parties to the agreement and key terms and interdependencies to support the search and retrieval of legal agreements on a timely basis.

New Fed regulations for Regulating Systemically Important Financial Institutions could effectively force “re-litigation” of a myriad of issues that have already been decided by the primary regulators. This is particularly more worrisome for SIFIs, given increased regulatory scrutiny. Learn more how Digital Risk can help your company address these issues.

Solutions for Document & Data Management

Scope Definition
Options Assessment
Analysis of Requirements
Build and Delivery

Servicer Oversight

Compliance

Surveillance

GRC Services

  • Retrieval

    Client provides inventory, Digital Risk retrieves documents

  • Identification

    Digital Risk identifies and catalogs all documents

  • Index & Scan

    Digital Risk QC process, and client QC process

  • Annotation

    Digital Risk’s contractual experts identify to collaborate on corrective actions on a real-time basis

  • Monitoring

    On-going system and process monitoring with analytics providing early-warning and preventative controls over future compliance issues