Implementation of the 4-eye principle in reviewing ecosystem assessments

To enhance compliance and ensure thorough evaluations, the platform will introduce the 4-eye principle in the review process. This will require two independent reviewers to approve third-party assessments before final decisions are made, improving regulatory adherence and reducing evaluation risks.


Key Enhancements

  • dual-review process: a primary reviewer (e.g., investment analyst) will assess business and financial impact, while a second reviewer (e.g., compliance officer) will evaluate regulatory and risk aspects.

  • formal approval workflow: both reviewers must sign off before an assessment is accepted.

  • system integration: approval steps can be incorporated into existing workflows and tools.


This update will strengthen compliance, enhance review reliability, and improve regulatory reporting

Share update with 0 linked conversations as well

Upvoters
Board

3rdRisk

ETA
Jan 31, 2025
Date

About 1 year ago

Author

Rick Sollet

Subscribe to post

Get notified by email when there are changes.