Each new rule read against your policies, with the gaps listed and the changes drafted.
Bluegrass builds policy and regulatory change systems for banks. Your policies and procedures are mapped to the rules they implement, and each new rule, amendment or piece of guidance is read against that map, with the affected documents listed and changes drafted for your compliance team.
The same map supports the annual policy review and answers examiners' questions about where a requirement is met, which today usually means searching documents written by different people over many years.
What policy and regulatory change management involves today
Someone has to watch the Federal Register, agency bulletins and state regulators, decide what applies, find every policy, procedure and control a change touches and see the updates through approval and training. Most banks track this in spreadsheets and email, and the reading falls on a few people in compliance.
Policies are written by different owners in different styles, so finding everything a new rule affects depends on someone remembering where it is. The gaps that are missed tend to surface at the next exam or audit, after the rule has taken effect.
How automated regulatory change review works
- 01
Map what you have
Each policy, procedure and control is read and linked to the rules and guidance it implements, and the map is reviewed with your compliance team before it is used.
- 02
Watch for change
New rules, amendments, guidance and enforcement actions from the sources you choose are gathered and screened for whether they apply to your charter, products and states.
- 03
Find what is affected
Each relevant change is read against the map, and every affected policy, procedure and control is listed with the passage that needs attention.
- 04
Draft the changes
Proposed wording, an impact summary and the tasks for each owner are drafted for your compliance team to decide on.
- 05
Track to approval
Each change is tracked through approval, implementation and training, and the record shows when a rule was identified and how it was handled.
Where people stay in the loop
Deciding whether a rule applies and approving every change stay with your compliance team, the policy owners and the board. The system's calls on what applies are first compared with your team's own on past changes.
The systems it works with
The system works with your policy management or GRC platform, or the document library and spreadsheets that stand in for one, and records each change and approval there.
When to build it, and when to buy it
Regulatory change services and GRC platforms already deliver alerts and policy libraries, so a bank with a small policy set may find a subscription sufficient.
A custom build makes sense when alerts have to be tied to your own policies and controls, when the volume of change outpaces the team reading it, or when the same map should answer exam requests and staff questions.
We hold no reseller agreements, partner quotas or revenue share with any vendor, so a recommendation to buy is made on its merits.
What this work costs you today
A quick way to put a number on the problem before talking to anyone, using your own figures rather than ours.
Enter your volume and the minutes each one takes to see what the work costs in a year.
The numbers stay in your browser and are not stored or sent anywhere. Bring the figure to the first call, since it is the baseline any system should be measured against.
Questions about policy and regulatory change
- Which sources does it watch?
- It watches the sources you choose, such as the Federal Register, your regulators' bulletins and guidance, state regulators and enforcement actions, and records where each change came from.
- Can it help with the annual policy review?
- Each policy can be checked against the current rules and your own standards before its review date, with outdated references and gaps listed for the owner before it goes to committee or the board.
- Does it write our policies?
- It drafts proposed changes in the style of your existing policies, and each change is decided by the policy owner and approved through your usual governance.
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Key terms
A senior team that has done this before
We are a small, entirely senior team with fifty years of combined AI engineering, multiple granted patents and Y Combinator founders, from Yale, MIT, McKinsey, Goldman Sachs, Microsoft and Vista Equity Partners. The people who scope your work are the people who write the code.
Selected work
We built the AI transformation roadmap for a top-50 P&C brokerage, and it is saving the firm millions of dollars in vendor fees it did not need to pay.
Clients include some of the largest banks, RIAs, fintechs and AI labs, as well as a top-3 P&C carrier, a top-10 P&C brokerage, a top-5 trucking brokerage, a leading specialty MGA and a leading trucking MGA.
We run only 3 to 5 engagements at a time, so that every client works directly with the senior team.
About the team- Dozens
- of insurance companies, RIAs, banks and fintechs we have worked with
- 50 yrs
- combined AI engineering experience
- 10+ Patents
- granted to members of the team
- 100%
- of the IP we build is assigned to you
Find out whether this is worth building for your business.
A 30-minute call with an engineer usually shows whether this is worth building. Within a week you will have a free written point of view, including whether a packaged product would serve you better.