consolidated markets | operational risk and regulatory compliance
TRANSCRIPT
OPERATIONAL RISK & REGULATORY COMPLIANCE
Financial institutions in today’s global environment face complex challenges including stricter regulations, intense cost pressures, evolving tax obligations and operational risks with counterparties and third parties.IHS Markit solutions address these challenges with consolidated access to accurate data, deep domain expertise on regulatory compliance and streamlined processes to automate workflows. Our solutions – designed in partnership with industry associations and financial institutions – help customers to safely and swiftly onboard new customers, exchange due diligence information with counterparties and suppliers while remaining compliant with tax and regulatory requirements.
© 2016 IHS Markit. All Rights Reserved.
Leverage best practices to transform your due diligence processIHS Markit offers financial institutions the ability to safely and swiftly onboard new customers, counterparties and suppliers while mitigating ongoing operational risks, lowering costs, and supporting tax and regulatory obligations. We bring deep operational and regulatory expertise to bear, so you can focus on what you do best.
All of this is delivered via an integrated set of solutions for entity management, which is at the heart of multiple regulatory compliance requirements.
Keep Pace with & Address Regulatory
Compliance Requirements
Deep domain expertise and automated processes enable firms
to keep pace with domestic and international tax and regulatory
requirements.
ReduceRisk
Protected data environments and standardized protocols facilitates the
exchange of information securely, while reducing vulnerabilities that
can result in breaches,fines or liabilities
EnhanceOperations & Reduce Costs
Validated data in a centralized location streamlines workflows,
allowing for faster time to market, reduced resource allocation, and eliminates duplicative efforts and
manual processes
© 2016 IHS Markit. All Rights Reserved.
OPERATIONAL RISK & REGULATORY COMPLIANCE
Regulatory requirements and documentation
Third party risk management with KY3P®
Know Your Customer
www.ky3p.comwww.markit.com/mcpm www.kyc.com
Tax Solutions
www.markit.com/tax
Counterparty Manager, ISDA 2.0 and Document Digitization to meet regulatory, margin and compliance requirements. • Integrated platform
across all services for same legal entities• 80+ banks and
113,000+ corporate and buy-side clients• Alliances with strategic
partners ISDA, Smart DX, Perceptive to deliver end-to-end outcomes
Kyc.com – developed in partnership with Genpact– standardizes operations, policy, documents and data for client onboarding and lifecycle management • Single secure platform and
workflow for contributors and subscribers• 13 of the largest global
banks and 2,300+ corporate and buy-side clients• Foundational data for tax,
regulatory and risk processes in a single ecosystem
Due Diligence and Reporting for Cross Border Payments • Comprehensive tax
compliance via software, services and consulting• 100+ Years of combined
subject Matter expertise, with 300+ Clients based in over 50 jurisdictions• Supports FATCA, the
Common Reporting Standard, CDOT, IRS reporting for 1042-S, 1099 & 8966 and more
Centralized, cloud-based data hub that simplifies and standardizes third party risk management processes focused on vendor due diligenceand ongoing monitoring• Allows firms to manage
and respond to significant events such as cyber security threats, natural disasters and other bespoke events.• 56 clients, 1000+
registered users, 433 registered vendors, 4,850+ vendor profiles
Extensive breadth and depth across the regulatory and compliance ecosystem
© 2016 IHS Markit. All Rights Reserved.
OPERATIONAL RISK & REGULATORY COMPLIANCE