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

Upvoters
Board

3rdRisk

ETA
Jan 31, 2025
Date

About 1 year ago

Author

Rick Sollet

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