Family C · Managing risk and compliance
MeshFin Comply
Regulatory obligations, reporting and breaches
Every new rule and piece of guidance mapped to the obligations register and the controls; regulatory returns compiled from the ledger and the registers and reconciled; incidents assessed against the reportable tests with the clock started; and attestations assembled from evidence.
MeshFin Comply (MF-18), the service for regulatory obligations, reporting and breaches, is one of the twenty-four MeshFin services, in the "Managing risk and compliance" family, which follows the BIAN Risk and Compliance business area. It covers the BIAN service domains Regulatory Reporting, Regulatory Compliance, Guideline Compliance, Compliance Reporting, Financial Compliance, Legal Compliance and Corporate Policies in whole or in part. Every new rule and piece of guidance mapped to the obligations register and the controls; regulatory returns compiled from the ledger and the registers and reconciled; incidents assessed against the reportable tests with the clock started; and attestations assembled from evidence. It replaces obligations register in a grc tool, regulatory return spreadsheets, breach register and attestation packs by hand. AI agents carry the work end to end; a named person takes every decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. It is core for a universal and retail bank, core for a mutual and community bank, core for a non-bank lender and fintech.
BIAN service domains this service covers
In the BIAN Risk and Compliance business area of the Service Landscape 14.0, in whole or in part. Lay this over your own BIAN map to see what MeshFin Comply covers and what stays. BIAN has not reviewed or endorsed MeshFin.
- Regulatory Reporting
- Regulatory Compliance
- Guideline Compliance
- Compliance Reporting
- Financial Compliance
- Legal Compliance
- Corporate Policies
What it replaces
- Obligations register in a GRC tool
- Regulatory return spreadsheets
- Breach register
- Attestation packs by hand
What it reacts to
- Rule or guidance changes
- Return falls due
- Incident reported
- Breach identified
- Regulator request received
- Attestation due
The agents that carry it
Obligations agent
Maps each new rule and guidance to the obligations register and the controls, and drafts the impact assessment.
Returns agent
Compiles regulatory returns from the ledger and the registers, reconciles them to the accounts and explains the variances.
Breach agent
Assesses incidents against the reportable-situation tests, starts the clock and drafts the notification.
Attestation agent
Assembles the evidence for executive attestations and accountability statements, with the gaps shown.
Where a person decides
No decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation is taken by an agent alone. In MeshFin Comply, these decisions are held for a named person, with the agent's evidence and recommendation attached.
| Decision | Who decides | Why a person |
|---|---|---|
| Lodging a breach report | Accountable executive | Statutory |
| Signing a regulatory return | Chief financial officer or delegate | Statutory |
| Accepting an obligation gap | Control owner and second line | Risk appetite |
Records it writes
Obligations register · Return with reconciliation · Breach decision · Attestation evidence pack
Before MeshFin: the baseline this service is measured against
Illustrative figures for a mid-sized institution on the systems the service replaces. Sample data, not a customer's. A live service reports what its agents are doing instead.
Obligations tracked
6,200
in the register
Mapped to a tested control
63%
today
Return preparation
14 days
each period today
Breaches reported late
happens
because the clock starts late
Institutions: core for a universal and retail bank, core for a mutual and community bank, core for a non-bank lender and fintech. Universal and retail bank ● · Mutual and community bank ● · Non-bank lender and fintech ●.
Questions banks ask about MeshFin Comply
- What does MeshFin Comply do?
- MeshFin Comply is the MeshFin service for regulatory obligations, reporting and breaches. Every new rule and piece of guidance mapped to the obligations register and the controls; regulatory returns compiled from the ledger and the registers and reconciled; incidents assessed against the reportable tests with the clock started; and attestations assembled from evidence. It reacts to events such as rule or guidance changes, return falls due and incident reported, and writes obligations register, return with reconciliation, breach decision and attestation evidence pack as records.
- Which BIAN service domains does MeshFin Comply cover?
- Regulatory Reporting, Regulatory Compliance, Guideline Compliance, Compliance Reporting, Financial Compliance, Legal Compliance and Corporate Policies, in the BIAN Risk and Compliance business area, in whole or in part. The mapping is to the published BIAN Service Landscape; BIAN has not reviewed or endorsed MeshFin.
- What systems does MeshFin Comply replace?
- Obligations register in a GRC tool, Regulatory return spreadsheets, Breach register and Attestation packs by hand. Because the service runs on the MeshFin platform, the licence, integration and upgrade costs of those systems retire with them.
- What do the AI agents do in regulatory obligations, reporting and breaches?
- The obligations agent maps each new rule and guidance to the obligations register and the controls, and drafts the impact assessment. The returns agent compiles regulatory returns from the ledger and the registers, reconciles them to the accounts and explains the variances. The breach agent assesses incidents against the reportable-situation tests, starts the clock and drafts the notification. The attestation agent assembles the evidence for executive attestations and accountability statements, with the gaps shown.
- Which decisions does a person still take?
- Agents never take a decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. In MeshFin Comply, a person decides lodging a breach report (accountable executive), signing a regulatory return (chief financial officer or delegate) and accepting an obligation gap (control owner and second line). The record shows who decided, why, on what evidence and under which delegation.