MENLO PARK, Calif., June 27, 2012 /PRNewswire/ -- Protiviti ( www.protiviti.com), a global consulting firm, today announced that it has teamed with Morrison & Foerster to add Dodd-Frank Act (DFA) rule maps and work plan guidance to the Protiviti Governance Portal for Regulatory Reform. The new information will make it faster and easier for organizations to comply with the Act's many provisions.
Many companies struggle to distill the DFA's lengthy narrative and changing timelines into actionable steps, and even organizations down the path toward compliance are often unsure of their status or if they've captured everything they need to. Based on content in Morrison & Foerster's FrankNDodd database, the enriched content in the Governance Portal for Regulatory Reform provides organizations with a framework to map DFA rules across business lines and product areas, as well as detailed steps the organization must take to become compliant. The rules, updates, mapping and work plan guidance incorporated into the Governance Portal help to enable organizations to manage their compliance project efficiently while also giving them a tool to maintain compliance.
"One of the key challenges our clients face is managing overlapping rules that affect various business lines, products, geographically dispersed legal entities, processes, policies, and IT systems," said Scott Wisniewski, managing director, Risk Technologies, Protiviti. "Incorporating work plan guidance into our Governance Portal for Regulatory Reform helps our clients manage this complex effort while driving accountability across relevant stakeholders."The Governance Portal for Regulatory Reform combines real-time DFA-related rulemaking information and Protiviti's governance and compliance technology to help clients determine the status of regulatory developments and changes, assess regulatory risk, assign accountability for and track the status of implementation efforts, and demonstrate compliance and effective risk management practices to regulators, customers and other stakeholders.
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