There is a new string of letters in the grand lexicon of regulatory inspired acronyms. As of May 2015 Regulatory Compliance Management (“RCM”) as articulated in the November 2014 OSFI Revised Guideline E-13 officially replaces Legislative Compliance Management (“LCM”) as the umbrella expression for the set of key controls through which a Federally Registered Financial Institution (“FRFI”) manages regulatory compliance risk.
Regulatory Compliance Management (RCM)
Graham Segger