COVID–19 NEWS   Japan registers record 250,403 COVID-19 cases within past 24 hours | COVID: Malaysia records increase in new cases, fatalities - Dr Noor Hisham | New COVID-19 cases drop 5.2 pct last week - Health Dg  | Witness still COVID-19 positive, Ahmad Zahid's corruption trial postponed | Japan's daily COVID cases top 180,000, set fresh record amid 7th wave | 

MyComplianceOffice launches Know Your Risk solution for financial services firms

29/06/2022 06:34 PM

KUALA LUMPUR, June 29 (Bernama) -- Global conduct risk and compliance technology provider MCO (MyComplianceOffice), has announced the launch of its new Governance and Oversight suite, Know Your Risk (KYR).

“Chief Compliance Officers need to be agile and forward looking to manage both their current portfolio of risk along with emerging threats,” said Richard Pike, Managing Director at MCO.

“KYR provides compliance teams with an understanding of the gaps and overlaps in the firm’s policy and control framework, as well as the ability to prove assurance of compliance.

“KYR effectively empowers CCOs to better understand the relationship between the first line activities of the business and the oversight activities of compliance.”

Meanwhile, MCO CEO, Brian Fahey said: “The launch of KYR is the latest development in our mission to provide the most comprehensive compliance solution in the market.”

According to a statement, KYR is a modular solution that enables firms to set regulatory priorities, identify policy and procedure gaps, and deliver proof of adherence with metrics and documentation.

The acquisition of Governor software served as the genesis for KYR. Full integration with the MyComplianceOffice platform, including access to the same data sources as other MCO products, provides firms with a complete overview of their organisation’s risk profile.

MCO's KYR solution can be summarised as a ‘5A’ capability set: namely, Awareness of regulatory change; Alignment of policies and procedures to the firm’s regulatory obligations; Assessment of regulatory obligations to the firm’s compliance burden; Assurance of compliance to stakeholders with data from all lines of defence; and, Accountability, allocation and mapping of roles and responsibilities across the firm.


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy