Managing the Legal Inventory
The purpose of a legal inventory is to manage the regulation framework applying to an organization.
HOPEX Compliance enables creation of this legal inventory, generally derived from an external source (for example, the American Bankers Association).
Regulations and requirements can be organized by process, entity and risk.
Each regulation and requirement can be connected to different processes, risks and entities. This "contextualization" allows compliance managers to position requirements and carry out appropriate assessments.