Banking
For dual-regulated banks, FCA and PRA scrutiny is continuous, but much of the compliance framework behind it is still run by hand. My Compliance Centre brings governance, monitoring and compliance management into one integrated platform.
Banks under both regulators face broad, demanding obligations and intense, continuing scrutiny. Individual accountability, governance evidence and a controlled compliance framework are ongoing requirements, not periodic ones – yet many banks still manage significant parts of this manually.
What My Compliance Centre Addresses
Compliance monitoring
Your monitoring programme deployed on a platform that assigns ownership, tracks findings to resolution and surfaces management information your senior management and Board need.
Register vault
60+ register templates – incidents, breaches, complaints, conflicts, risk events and more – with a workflow engine for approvals and reviews. Develops as your compliance framework develops.
Employee compliance
Policy and fit and proper attestations, conflicts disclosures and gifts through automated workflows. For large employee populations, automated reminders and consolidated reporting make compliance at scale practical.
SMCR
Senior manager roles, responsibilities and certifications managed in one system. Evidence of the reasonable steps taken to ensure Conduct Rules compliance is structured, documented and accessible when needed.
Your governance framework
Board and committee meeting packs, minutes, actions and attendance recorded and evidenced. Named individuals have documented evidence of proper oversight. The audit trail builds automatically.
Regulatory change
For dual-regulated firms managing a significant volume of FCA and PRA developments, the regulatory change management module tracks updates, assigns actions and evidences your firm’s response in a structured, auditable way.
What This Means in Practice
Compliance records are maintained and evidenced. Monitoring findings are tracked and resolved. When the regulator visits, you can demonstrate a functioning compliance framework without assembling evidence from scratch.
Frequently Asked Questions
Dual-regulated banks carry broad obligations under both the FCA and PRA – governance and Board records, individual accountability, compliance monitoring, registers, employee compliance and regulatory change – under close and continuing scrutiny. Many still manage significant parts of this manually. My Compliance Centre brings these together in one integrated platform, so the evidence of a functioning compliance framework is maintained as work happens rather than assembled before a regulatory visit.
The governance module manages the full board and committee lifecycle in one system – meeting packs assembled and circulated, minutes recorded, actions assigned and tracked to closure and attendance logged. It can also read uploaded board minutes and extract the actions automatically, saving time on a routine but important task. Because every step happens in the system, the evidence of functioning governance builds automatically.
The platform holds the records that demonstrate individual accountability is being managed – senior manager roles and responsibilities, certifications, governance participation and attendance and the evidence of reasonable steps under the Conduct Rules. Because this is captured as work happens, named individuals have documented evidence of their oversight and the firm can demonstrate the regime is functioning without assembling it retrospectively.
Yes. The platform brings governance, compliance monitoring, registers, employee compliance and regulatory change together in one place, which suits the broad obligations dual-regulated banks carry under both the FCA and PRA. It is used by banks among the more than 200 regulated firms on the platform, and is well suited to firms that currently manage significant parts of this manually.
Most firms are up and running within days. You can start with the area of greatest need, often governance or compliance monitoring, and add others over time rather than implementing everything at once. Our team supports you through setup so the platform reflects how your firm actually works.
Let us show you how My Compliance Centre can make a difference to your risk and compliance management
Fill in your details and we will give you a call to arrange a demo. Alternatively, call us on +44 (0)20 8017 8273 or email info@mycompliancecentre.com.