Compliance
HCL’s strength in compliance stems through its experience across various regulations as well as engagement with leading financial institutions on managing their legal and compliance application portfolio. HCL has worked with leading clients in meeting their specific needs around various regulations such as Basel II, SOX, AML directives, MiFID, SEPA and Faster Payments. HCL has also been helping clients in managing their internal controls and processes such as trade surveillance, monitoring insider trading, maintaining employee registration records and various reporting requirements.
Service Offerings
- Consultancy Services such as Gap analysis and technology roadmap creation for major regulations such as MiFID, OSI, SEPA and Faster Payments
- Technology solutions across the Risk Management landscape covering Basel – II requirements
- Expertise across multiple products in AML space such as Norkom, Mantas and Smaragd
- Technology solutions for managing the in-house legal and compliance applications landscape
Highlights
- Managing the complete legal, compliance and registration portfolio, consisting of over 45 applications, for a Fortune 50 Universal Bank
- Consulting and technology implementation services around MiFID for leading Financial Institutions
- Gap analysis of existing systems and implementation of Client Information management as well as Reporting directives from MiFID
- Gap analysis of transaction reporting system and re-architecture of the systems based on SOA for a US based Investment Bank
- Identification and implementation of a surveillance system for a stock market regulator thereby enabling it to monitor 27 Exchanges in that country
