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Wolters Kluwer Financial Services Enhances CCH Examiner Compliance Software
Solution Provides Firms with Added Confidence in Monitoring Employee Trading Activity and Addressing Potential Conflicts of Interest
WALTHAM, Mass. – March 17, 2008 – Wolters Kluwer Financial Services has enhanced its CCH® Examiner compliance software to help financial organisations tackle the growing challenges associated with employee personal trade surveillance and other issues related to codes of ethics, including conflicts of interest that may arise when gifts and entertainment are offered or received.
CCH Examiner helps compliance officers monitor and track employee trading activity in accordance with best practices and industry regulations. CCH Examiner integrates with trade order management systems, automating the surveillance process to help mitigate regulatory and liability risks. The newest version of CCH Examiner also includes:
- Extensive Gifts and Entertainment Functionality In addition to personal trade compliance, CCH Examiner now addresses another major code of ethics issue—conflicts of interest related to gifts and entertainment. CCH Examiner allows employees to submit requests for giving and receiving gifts, and helps compliance officers make sure the requests meet the most current industry regulations prior to approval.
- Enhanced Sanctions Module While CCH Examiner has always been an excellent tool to find where personal trade compliance problems might exist, the new sanctions module also allows financial services firms to track the resolution of those problems, such as sanctions, fines or trading bans.
- Interactive and Configurable Questions and Answers Compliance officers can set up questions and answers that link to specific certifications or pre-clearance requests. The questions can be configured by employee group to help ensure compliance departments are receiving the specific information they need to approve or deny employee trade requests.
“Compliance departments are faced with the responsibility of making sure their firm’s employees are working in accordance with best practices and industry regulations, which can be a difficult task due to the volume and variety of requests employees submit each day,” said Peter Berkery, vice president and general manager of Wolters Kluwer Financial Services’ Securities Compliance Solutions group. “CCH Examiner eliminates manual processes associated with submitting, reviewing and archiving those requests in order to increase productivity and mitigate regulatory risk.”
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organisations manage risk and improve efficiency and effectiveness across their enterprise. The organisation’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street®.
Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organisations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organisation.
