Wolters Kluwer Financial Services, which provides regulatory intelligence, policy management, process management, and oversight to help financial services organisations address their compliance needs, announced today that the European Union (EU) and Middle East are now included in its regulatory coverage.
With more financial organisations operating on a global scale, keeping track of new regulation and guidance within the financial services sector can be difficult-particularly for compliance officers working in one of the EU's 27 Member States. They are required to follow EU Directives and Regulations, their national government's laws implementing them and their local regulator's requirements pertaining to the financial industry.
Through its expanded coverage, Wolters Kluwer Financial Services will help compliance officers working in the European Union and Middle East, and those at global financial services firms, monitor regulatory developments affecting the financial industries in those regions. Coverage includes facts and commentary on implemented EU Directives, such as Markets in Financial Instruments Directive (MiFID) and Third Money Laundering Directive, as well as proposed and planned directives. Additionally, compliance officers can access news updates highlighting the latest regulatory developments in the Middle East. This will include analysis of regulatory activity in Dubai, Bahrain and Oman, as well as information about regulatory structures and practices in Egypt, Syria, Lebanon and Jordan.
"As financial services organisations broaden their global reach, we are continually identifying ways to help them manage the specific compliance challenges affecting their businesses," said Mark Coronna, executive vice president of Securities and Insurance at Wolters Kluwer Financial Services. "Expanding our regulatory content to include developments in the EU and Middle East was a natural next step in meeting our customers' needs."