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.
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
3rdRisk
About 1 year ago

Rick Sollet
Get notified by email when there are changes.
3rdRisk
About 1 year ago

Rick Sollet
Get notified by email when there are changes.