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Ruleguard, a leading provider of governance, risk, and compliance (GRC) technology solutions, is pleased to announce a strategic partnership with PwC Ireland, a leading global professional services firm. This partnership aims to help financial services firms navigate the complexities of the new Individual Accountability Framework (IAF) and Senior Executive Accountability Regime (SEAR) introduced by the Central Bank of Ireland.
Speaking at the announcement, Sinead Ovenden, Partner, PwC Ireland, said: “With PwC Ireland’s deep expertise in regulatory compliance, and Ruleguard’s cutting-edge platform, our unique collaboration offers a comprehensive solution for regulated firms looking to strengthen their governance frameworks and ensure compliance with the IAF. Our collaboration is a one-stop shop for all your IAF and SEAR needs. Our managed service allows you to fully outsource all the administration with ongoing annual compliance obligations under IAF, including completing the required due diligence checks for your PCFs and CF1s and CF2s. It will facilitate a portal for PCF/CFs to access their own data.
In particular by outsourcing to PwC, companies will benefit from our specialised compliance and regulatory teams, industry knowledge, including the cutting edge technologies, to increase efficiencies and enhance focus on their core business activities.”
A collaboration offering a unique solution for financial services.
The Individual Accountability Framework, which includes SEAR, introduces a more stringent regulatory landscape for firms operating in the Irish financial services market. It mandates enhanced responsibilities for senior executives and emphasises the importance of robust internal controls and transparency.
PwC Ireland is a leader in supporting organisations with their regulatory compliance obligations. PwC’s service will be underpinned by Ruleguard's innovative technology, which provides automated solutions that simplify the management and reporting of compliance activities. Through this partnership, regulated firms will be able to leverage both PwC’s in-depth regulatory knowledge, providing an end to end service for all the regulatory reporting requirements.
Supporting the Financial Services Industry.
“We are thrilled to partner with PwC Ireland,” says Ed Buckman – Director of Commercial Strategy at Ruleguard. “As the financial services industry faces increasing scrutiny from regulators, it’s essential that firms have the right tools and expertise to ensure they are compliant with frameworks like SEAR. Our collaboration with PwC will provide firms with a comprehensive solution, integrating best-in-class technology with expert advisory support.”
Through the Ruleguard and PwC partnership, clients can expect:
- Seamless integration of PwC Ireland's regulatory expertise with Ruleguard's regulatory compliance platform;
- Tailored solutions for implementing SEAR whilst meeting IAF requirements;
- Enhanced risk management and reporting capabilities;
- Streamlined accountability and governance structures to align with regulatory expectations.
About Ruleguard
Ruleguard is a leading provider of GRC solutions, specialising in automating compliance for regulated industries. Ruleguard’s end-to-end Governance, Risk and Compliance platform offers advanced capabilities for managing accountability regimes, risk, and regulatory reporting, helping businesses to stay ahead in an evolving regulatory landscape. Contact Ruleguard here.
About PwC Ireland
PwC is a global leader in professional services, providing audit, tax, and consulting services to clients across industries. PwC Ireland’s dedicated regulatory compliance team has deep expertise in helping firms navigate complex regulatory challenges and ensure compliance with evolving governance standards. For more information about this partnership, please visit: PwC’s Accountable Compliance Webpage
This partnership announcement highlights the commitment of both Ruleguard and PwC Ireland to delivering innovative solutions that address the evolving regulatory landscape for the financial services industry in Ireland.
