The CEO of Peach, a compliance, risk and change management company in the UK, today announced the release of a unique Balance Sheet Process-Workflow (BSPW) framework for MiFID (Markets in Financial Instruments Directive) account certification requirements.
This solution operates in conjunction with a certification scheme for software application vendors, solution providers, banks and financial institutions.
This framework will considerably help these entities with their MiFID compliance, governance and risk management challenges and avoid costly penalties.
Peach links its unique compliance maps and audit checklist templates with the above process framework in order to integrate specific workflows into any MiFID rulebook and compliance systems – regardless of type and vendor.
MiFID process workflows are affected by and affect Sarbanes-Oxley, Basel II, Solvency II Accord, Asset & Liability Management (ALM), Anti-Money Laundering (AML), and other related frameworks.
Instead of working in a silo, Peach solutions help auditors, compliance officers, banks, financial institutions and solution providers to cross reference MiFID to the other relevant frameworks for overlaps.
Peach enables such corporate entities integration of MiFID with other self-attestation audit questionnaire checklists and processes, and avoiding duplication or triplication of information and implementation costs.
This solution and other solutions of Peach are based on Dr Abe Abrahami’s 34 year-experience and know-how that have helped blue chip companies and government agencies to save or increase revenue by an estimated $300 million US dollars.
Peach solutions also incorporate essentials from Dr Abrahami’s book on Compliance & Change Management.
The Institute of Management Specialists and Ansted University accredit and validate Peach’s best-practice, proven and successful techniques and training courses.