For compliance and risk professionals, electronic communications are often where the “smoking gun” is found. The exponential proliferation of these electronic records makes finding these needles in the haystacks challenging. Day-to-day monitoring can become more time-consuming and inefficient, especially as compliance programs designed for paper communication (or even email) haven’t scaled for today’s social and mobile workforce.
Organisations need to be able to search and produce the right content at the right time, especially when the regulator comes calling. They also need to demonstrate that the policies that are in place to govern usage of electronic communications are being enforced and are working as designed.
Smarsh helps organisations of all sizes manage the retention and oversight regulatory obligations for electronic communications from the European Union (EU) — MiFID II, Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission (SEC), Federal Financial Institutions Examination Council (FFIEC), Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Investment Industry Regulatory Organisation of Canada (IIROC) and other similar governing bodies around the world.