New tool allows real-time compliance test
PwC Ireland and Irish regulation technology company ViClarity have teamed up to develop a compliance risk management tool that highlights in real time where Central Bank rules aren't being complied with.
ViClarity founder John Ogie Sheehy said the product would significantly cut the time it takes to assess compliance. The tool aims to help financial services companies assess how they measure up to the Central Bank's recently enacted Client Assets Regulations. A second version for the Bank's Investor Money Regulations is being developed.