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Solutions

Banks

 

CRSTL’s Bank LCM solution is designed to help Schedule I and II Banks and Foreign Bank Branches (FBB’s) comply with the laws, regulations and guidelines that govern their businesses in Canada, including OSFI's Guidelines, and Advisories, as well as provincial and territorial market conduct laws.


Our databases for Schedule I and II banks include:

  • Tailored coverage of the Bank Act;
  • Comprehensive coverage of the requirements for corporate governance, business and powers, capital structure, ownership, investments, capital adequacy, self-dealing and company administration and regulation;
  • Requirements from all relevant OSFI  Regulations and Guidelines; and
  • Ancillary legislation pertaining to lobbying, electronic commerce transactions, human rights legislation, and more.

Our database for Foreign Bank Branches (FBB) includes everything required for the effective operation of a foreign bank branch in Canada including:

  • Tailored coverage for lending versus full-service branches;

Regulators continue to bolster banking regulations to ensure that Canada’s financial system is protected. Make sure that you stay on side of these increasingly complex rules with CRSTL’s complete solution for banks.

Powered by CRSTL’s proprietary compliance management platform, our Bank database library offers best-in-class functionality to ensure, among other things:

  • Effective identification/communication of compliance requirements;
  • Appropriate deployment and administration;
  • Organization-wide accountability, transparency, and institutional memory;
  • Assessment questionnaires, addressing all regulatory requirements that automatically flow to employees through pre-defined hierarchies of responsibility;
  • Electronic employee certification of compliance requirements to ensure role clarity, accountability and engagement with the LCM process;
  • Notifications tied to a calendar of significant deadlines; and
  • Read-only system access that, at the company's option, can be made available to OSFI or your auditors so that audits may be conducted off-site.

To see the cost benefits of using CRSTL's legal databases and workflow solution, take a moment to calculate your Return On Investment with our ROI Calculator.