Compliance

Breaking Down Regulatory Alerts: How To Focus on What Matters Most

December 5, 2024
By
Paul Bruin

The “Shock Factor”

Picture this: your inbox is flooded with dozens of regulatory alerts every day. Your compliance team is drowning in updates, most of which don't seem relevant to your business. Sound familiar? The noise from regulatory alerts can be overwhelming—especially in high-stakes industries like banking or pharmaceuticals—but ignoring them isn’t an option.

In fact, in a single year, some industries see over 10,000 regulatory updates issued. But the reality is that only a fraction of those, maybe 500 or less, might actually apply to your organization. And without an efficient way to prioritize and manage these updates, even this smaller portion can quickly consume your team’s time and attention.

Here’s a question to consider: If someone asked for an immediate update on your compliance status, would your team be prepared to deliver a clear, confident response? For many, the answer would be, not easily. This is why adopting a targeted approach to managing compliance alerts is so essential. By segmenting, filtering, and categorizing alerts strategically, you can reduce the noise and focus on the updates that genuinely impact your organization.

Let’s talk about why cutting through that noise is so important and how you can make sure your team is only focusing on what truly matters.

Overcoming Alert Fatigue

We’ve been there—scrolling through endless updates, trying to determine what actually applies. When you’re faced with thousands of regulatory alerts a year, it’s easy to become numb to the noise. This “alert fatigue” is a common struggle for compliance teams, as sifting through each and every alert can feel like a Herculean task.

Take, for example, the first 10 months of 2024 within banking alone: Regology raised 5,985 alerts. Here’s how those broke down:

  • 2,042 bill alerts for milestone events, covering a total of 936 bills.
  • 592 alerts related to law and regulation changes.
  • 3,351 agency alerts from 116 feeds contributing to a total of 4,234 alerts.

Without a system to strategically prioritize this volume, much of it would go to waste—hours spent reviewing low-risk updates, while high-impact alerts could easily be overlooked. Each alert might take up to 30 minutes to assess (especially if you’re working without context or prioritization), meaning thousands of hours annually are potentially lost to information that may not impact your organization.

This is where strategy is crucial. Regology’s platform sifts through these updates, identifying and prioritizing high-impact alerts, allowing compliance teams to spend time where it truly counts. By using your company’s ‘legal DNA’, the platform knows what matters to you and is using this information to compare it against all the updates out there. 

On top of that, the AI helps remove the legalese from legal updates and summarize updates where they are difficult to navigate. For example, it would synthesize a complex update to a more boiled down version, like "removing paragraph 3 and adding a paragraph 2d that reads As an exception to the requirements of this section, a bank as defined in section 2(f) is allowed to apply a threshold multiplied by factor 1.5."

This way, instead of reacting to every alert, Regology helps shift compliance from a reactive scramble to a proactive, focused effort.

Think of Regology as your regulatory GPS. It maps out the most efficient, direct route through the regulatory content, bypassing irrelevant updates and highlighting what really matters. By centralizing alerts into one platform, it provides a “single source of truth,” so you’re no longer lost in a sea of subscriptions and other regulatory sources. 

With the right tools in place, compliance teams can avoid distractions, focus on critical issues, and operate with precision and confidence.

Not All Alerts Are Created Equal: Categorizing Alerts

How can you tell which updates are actually critical?

Think of regulatory alerts like the news. Some headlines are breaking news, while others are fluff pieces. It’s all about knowing which updates require immediate action and which are just informational. To reduce noise, you need to categorize alerts by what matters to your specific industry, jurisdiction, and business needs.

It starts with setting up a system that flags high-priority alerts—those that impact compliance or could result in penalties if ignored. Regology breaks down these updates into manageable segments, focusing on content type, urgency, and relevance. Here’s what that looks like:

  • Bills: Out of the hypothetical 10,000 annual alerts, around 5,000 might relate to bills in progress. Regology tracks the progression and impact of each bill and matches it up to your company’s legal profile, ensuring your team sees only those that are likely to affect your organization. With only about 3% of bills becoming law, this translates to around 150 actionable items—far more manageable than the initial 5,000.
  • Regulatory Changes and Lawmaking: Unlike new bills or agency updates outside of the rulemaking process, regulatory changes are tied to new rules or changes to rules already in place, making them particularly relevant for day-to-day operations and requiring adjustments to company policies, procedures, or operations. Regology filters these updates to ensure relevance, helping your team focus on changes that directly impact your regulatory framework. This includes tracking the authority level of regulations, such as federal versus state laws in the U.S. or EU regulations versus laws by EU Member States. By highlighting the hierarchy of laws, Regology ensures your team prioritizes updates with the highest authority, providing clarity in situations where one law may supersede another.
  • Agency Updates: Beyond the rulemaking process, agencies issue press releases, bulletins, and general announcements that tend to be low urgency and, generally, require only a quick scan, not impacting your organization directly. Using advanced filtering and AI, Regology pinpoints agency updates that align with your compliance requirements, so your team isn’t sifting through irrelevant information.
  • Enforcement Actions: These high-priority updates provide insight into areas that regulators are actively scrutinizing, offering an early warning system for potential compliance risks. By flagging these alerts for closer examination, Regology enables your team to stay ahead of issues that could result in penalties or inspections.

With Regology, teams can zero in on critical alerts and keep an eye on “horizon-scanning” items that may not need immediate action but are worth monitoring for the future. 

The Importance of Tailoring Alerts to Your Team

When it comes to compliance, not everyone in your organization needs to be bombarded with every single update. Tailoring alerts by role or department is key to managing information effectively, and Regology makes this easy. For instance, your legal team might need full, detailed updates, while product managers may only require high-level summaries. Regology allows you to customize alerts based on each team’s specific needs and tag the right people to them, so that compliance updates are as relevant and actionable as possible for everyone. By reducing overall noise and ensuring that the right people receive the right information at the right time, Regology streamlines communication and keeps each department focused on what truly matters.

And just like any other part of your business, your alert system needs routine attention. The regulatory space is constantly evolving (think data privacy and artificial intelligence), so your filtering criteria should be tuned up occasionally, too. By conducting regular reviews of your system, you can ensure it remains relevant, effective, and aligned with your organization’s current needs. This proactive approach keeps you in control, preventing you from being overwhelmed by irrelevant noise and helping your team stay focused on the alerts that truly matter.

Regology’s Benefits and Next Steps for Your Compliance Team

In the end, Regology offers compliance teams a clear path to efficient and effective regulatory tracking. From breaking down thousands of alerts to streamlining focus on high-risk updates, Regology transforms compliance from “a sea of unknowns” into a manageable, strategic function.

Start cutting through the noise today—your inbox (and your team) will thank you.

Need help streamlining your regulatory alerts? Contact us today to learn more about how automation can work for you.

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