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October 14, 2008 - RBC Correspondent Services (RBC CS), a division of RBC Capital Markets Corporation, is using SunGard’s Protegent Surveillance to deliver compliance and surveillance functionality to its correspondent clearing clients as a core service offering. 

Protegent Surveillance is a comprehensive compliance and surveillance solution for financial services institutions. It provides users with trade-based compliance reviews that give firms an enterprise view of compliance performance and helps enhance users’ ability to quickly assess risk. RBC CS has rolled out SunGard’s Protegent T+1 trade blotter to help its correspondents manage their own risk and trade surveillance process, while keeping up with the latest regulatory rules. 

Protegent can be integrated with firms’ back-office clearing and settlement system to help provide brokers and financial advisors with an effective way of keeping up with regulatory requirements without requiring them to acquire surveillance and compliance tools on their own, according to SunGard. RBC CS’s correspondents have the choice of using the basic offering that provides Protegent’s dynamic T+1 trade blotter designed to quickly identify and resolve a range of regulatory and business related exceptions, or subscribing to additional Protegent functionality that expands and customizes supervision, surveillance and regulatory compliance oversight and workflow.

Craig Gordon, president of RBC Correspondent Services, said, “By extending our services beyond trade clearing and settlement, we are able to be more proactive in helping our correspondents meet their business objectives. SunGard’s Protegent is a key part of our ability to deliver added value to our clients, by providing powerful surveillance tools, which help them keep up with regulations. SunGard helps to give our clients peace of mind, while helping them maintain and strengthen their independence.”

This piece is brought to you by the Information Management editorial staff.