Here’s the blurb
Wolters Kluwer, a provider of solutions, empowers professionals across various industries, has launched a Regulatory Violations Intelligence Index.
The unveiling of the Index by Wolters Kluwer addresses the growing need for data-driven intelligence among compliance executives, aiding in the optimization of compliance risk management efforts.
Wolters Kluwer is renowned for delivering comprehensive solutions that facilitate compliance, risk management, finance, and healthcare decisions. With a commitment to empowering professionals worldwide, Wolters Kluwer ensures access to accurate, timely, and actionable insights.
The Regulatory Violations Intelligence Index offers a comprehensive analysis of penalties imposed by U.S. financial services regulators over recent years. By examining key violation categories and regulatory trends, this tool equips compliance officers with strategic insights to enhance regulatory compliance strategies effectively.
Wolters Kluwer’s Regulatory Violations Intelligence Index covers the period from 2018 through 2023, segmented into half-year increments. Notably, the Index highlights enforcement trends, penalty amounts, and key focus areas of federal and state regulatory bodies, providing invaluable guidance to financial institutions.
The Index’s key findings underscore the prevalence of consumer protection-related violations, with significant penalties issued in response to illegal fees and customer data security breaches. Moreover, the escalating enforcement actions in financial-related offenses reflect the evolving regulatory landscape, emphasizing the importance of data intelligence in compliance risk mitigation.
“Wolters Kluwer’s Regulatory Violations Intelligence Index helps expand the peripheral vision of compliance leaders by analyzing the key supervisory priorities of the most important U.S. regulatory bodies,” said Vikram Savkar, Executive Vice President and General Manager for Wolters Kluwer Compliance Solutions.
“With the Index, financial institutions will be able to gain access to vital data intelligence, empowering them to more effectively understand compliance risk factors,” added Savkar.
