The Promontory Compliance Obligations Library is an online database of the laws, regulations, and guidance affecting banks, broker-dealers, and other financial institutions.
On average, the U.S. government publishes more than 75,000 pages of new regulations each year:
Promontory’s commitment to maintaining a comprehensive and current obligations library allows subscribers to focus on compliance and be confident that the latest laws and regulations are at their fingertips.
The Library is part of Promontory’s innovative Web-based RADAR compliance platform, and can function independently or integrate with other RADAR modules.
Promontory gathers information daily and updates the Library with the latest new, amended, proposed, and pending obligations and guidance. Sources include, but are not limited to:
Promontory’s innovative RADAR compliance platform can integrate Compliance Obligations Library content with risk control standards to provide a real-time picture of which obligations are covered by a control and which need attention.
The Library allows you to select the obligations that apply to your business and hide those that do not.
Compliance obligations influence each of your business units and product lines differently. The Compliance Obligations Library allows you to attach an obligation to every business unit or product that it affects.
Promontory’s dedicated Compliance Obligations Library team manages the daily inflow of new, amended, and proposed compliance obligations on behalf of Library subscribers.
Team members include:
With the Compliance Obligations Library team behind it, a Promontory client can concentrate compliance resources on risk management with confidence that its knowledge base covering the existing — and forthcoming — regulatory environment is current and complete.
Compliance risk is becoming one of the major risks banks are facing.
In 24 hours, you can be up and running on a trial version of our software hosted on Promontory's secure servers.