As part of their overall approach to the SMCR, banks are starting to consider software solutions to enable them to effectively meet their current and on-going regulatory obligations under the SMCR. Lysis has assisted client’s in their selection of SMCR technology systems support to satisfy the following requirements:

Evidence that SMFs have discharged their ‘duty of responsibilities’
Governance Map and Statements of Responsibilities
Alignment of objectives and risk appetite
Process and Control Mapping
Regulatory Risk Assessment and Controls Effectiveness Assessment, Capture
Map and report on operational losses
Capture Conduct Rule breaches
Performance and risk of key ‘SMR related’ processes
Present a historical snapshot
Store documents such as Regulatory References
Support an attestation process

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GOVERNANCE & SMCR