BearingPoint has introduced Operational & Regulatory Response Services, a new technological service to help mutual funds and broker/dealers keep up with growing compliance needs.
"Efforts to comply with these new rules can be all-consuming, with immovable deadlines imposed from the outside," said Stuart Feffer, managing director at BearingPoint. "Institutions are seeking such services to help manage their response, get the problems addressed quickly, and make sure they do not recur, all while keeping the current business running."
The aim of the services is to help financial service companies develop both short- and long-term solutions to potential compliance lapses. BearingPoint is able to integrate different disciplines, including project management, business and operations knowledge, and technical expertise, with the legal and compliance area of the firm.