METHOD AND SYSTEM FOR ASSESSING COMPLIANCE RISK OF FINANCIAL INSTITUTIONS

METHOD AND SYSTEM FOR ASSESSING COMPLIANCE RISK OF FINANCIAL INSTITUTIONS

A system and method for assessing compliance risk of a financial institution. Data on a plurality of financial institutions is extracted from publicly available sources and stored in an extracted information database. A client questionnaire is created and separated into a plurality of role categorie...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: WOLFF KEN, AGLE KENNETH PRICE, RYAN ROBERT PATRICK
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
Online-Zugang:Volltext bestellen
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:A system and method for assessing compliance risk of a financial institution. Data on a plurality of financial institutions is extracted from publicly available sources and stored in an extracted information database. A client questionnaire is created and separated into a plurality of role categories. A list of employees and their area of responsibility is obtained from a client financial institution. The client questionnaire is distributed to the employees, each employee receiving questions from a role category based on their area of responsibility. Answers are stored in a client questionnaire database. Data on the client financial institution is located in the extracted information database. Then, based on the questionnaire answers and extracted data, the risk that the client financial institution will not be compliant with a set of regulations is assessed.