Regulatory Change Management for Asset Managers demo

What the demo shows

Maps each regulator's rule change to the funds, policies and owners it hits

An impact map for every regulator publication: the circular on the left in its own language with English beside each paragraph, and a fan of lines from the paragraphs to every fund, policy, coded compliance rule and owner it touches, each line labeled with its paragraph and due date, with a decision strip above and a conversation with the agents below. Seven agents read the regulators daily, align English with the original, test every fund against the firm's own fund master, draft the policy redlines and rule changes, assign owners and dates, re-test each other's calls and keep the register. The change manager proposes, Legal approves applicability, owners attest and the CCO signs.

Transcript

1. 0:00Regulatory Change Management maps each rule change to the funds, policies and owners it hits.
2. 0:09Asset Managers read about 300 regulator publications a month, many not in English.
3. 0:17And dates move. The form PF date has moved four times.
4. 0:23On Friday, the watcher agent caught a French-only circular from Luxembourg's regulator.
5. 0:30The reader agent set English beside each paragraph.
6. 0:34The applicability agent tested 486 funds.
7. 0:4114 are in scope.
8. 0:42The money market funds are not.
9. 0:46The impact agent traced paragraph 12 to two policies in a coded rule and drafted the red lines.
10. 0:55The checker agent disputed one fund.
11. 0:59Priya, the change manager, decides it with a reason.
12. 1:04She proposes, the general counsel approves, and four owners get actions due March 31st.
13. 1:12Every decision is cited, made by two people, and logged.
14. 1:18The aim, every change triaged within five days, and no date missed.
15. 1:25Built on Botminds: agents, data, screens, and governance on one platform.

Transcribed from the film’s narration. Captions are on the player.