|
Changes
to the regulatory environment within which Financial Services firms must
operate have already given rise to a huge volume of documentation . . .and
more changes proposed! Although the Internet is a valuable channel for the
publishing authorities in terms of consultation papers, directives,
guidelines and the like, it has some drawbacks for the intended recipients -
the financial institutions themselves. Currently if companies, industry
groups or individuals want to find documents or information relating to a
specific subject, they need to locate the various sites that contain
documents relating to that subject, and regularly perform manual searches to
maintain currency. By virtue of the quantity (e.g. "MiFID" entered
into a search engine indicates around half a million results now) and
diversity of documentation ,
some of which may be of varying relevance to particular individuals or
companies, information may be difficult to keep track of and access. These problems
can only increase over time.
To address
these issues Lexington has developed the Regulatory Document Portal - The RDP.
The Portal takes the form of a database, accessible via a standard internet
browser and containing a comprehensive list of documentation emanating from
specific regulatory and other sites. On the information source side, The RDP
is kept up to date through the use of sophisticated web-trawling software focusing
on the appropriate documentation sources. On the user's side, a documentation
management framework provides flexible search, retrieval and annotation
facilities, as well as communications functions enabling colleagues to inform
each other within their own "user community", of any and all items
which may be of specific interest.
Subscription
to The RDP will be available to most corporate users on a free of charge basis.
The RDP has been developed in conjunction with our
partners at OCEAN, using their Rapid Application
Development environment for interactive web-based business applications. This
is the technology that allows us to roll out tactical solutions quickly and
effectively across the client's enterprise using standard browser technology.
|