AI Pre-Assessment of Regulatory Changes for a Bank

The Challenge

A bank’s legal, compliance and finance teams, along with the business units that follow regulation, needed to understand how new legislation and regulatory changes affected different parts of the organisation. A single change could concern several departments at once, each with its own responsibilities.

Assessing that impact was a scattered process that often happened late. New regulations had to be found, read, interpreted and passed to the right teams before any assessment could begin. Without a common approach to this first step, impact analysis was not always carried out in a consistent way, and it was harder to be confident that critical changes had not been missed.

The Solution

With cognipeer Studio, our team configured an AI-assisted regulatory monitoring and pre-assessment workflow. The workflow followed a defined set of official sources and regulatory bulletins designated by the bank. When it detected a new regulation, it summarised the text and classified the areas the change could potentially affect. Each summary gave reviewers a concise starting point before they turned to the full text.

Based on that classification, the workflow suggested which internal teams should carry out an assessment. Where the bank wanted it, the workflow could also open review tasks for the relevant people, so that each change reached its reviewers through the same route. The impact assessment itself, and any decision on how to respond, remained with the bank’s legal, compliance, finance and business teams.

Implementation

1. Defined the sources to monitor. We set up monitoring of the official sources and regulatory bulletins designated by the bank, so that new regulations were picked up from an agreed set of sources.
2. Configured summaries and impact classification. For each new regulation, the AI workflow produced a summary and classified potential impact areas in a consistent way.
3. Linked impact areas to internal teams. The workflow suggested which teams should review each change, based on the impact areas identified for it.
4. Added optional review tasks. Where required, review tasks were opened for the relevant people, making it clearer who was expected to assess each change.

Business Impact

The first assessment of regulatory change became more structured and less dependent on individual follow-up. Relevant teams received a summary and a suggested scope earlier in the process, which allowed compliance work to start sooner. Because each new regulation went through the same first steps, impact analysis became more consistent across departments, while legal and compliance experts kept full responsibility for the final evaluation and the bank’s response.

• Faster start to compliance work when a new regulation is detected.
• More standardised impact analysis across departments.
• Lower risk of missing critical changes in the monitored sources.
• Clearer review ownership, with suggested teams and optional review tasks for each change.

Technology Behind the Solution