Monitoring Regulatory Change
Tender ID: 446087
Tender Details
Tender Description
The Reserve Bank is seeking to engage a supplier to provide, as separate packages, regulatory intelligence alerts for the Bank’s Risk and Compliance Department and customised legal resources for the Legal Services Section.
The Risk and Compliance Department supports the Bank’s framework for managing risk, both at the whole-of-organisation enterprise level and for individual business units. It assists departments to identify, understand and manage their compliance obligations. Additionally, it also monitors and reports on portfolio risks and compliance with respect to the Bank’s operations in financial markets.
The Legal Services section provides legal services to all of the Bank’s five operational groups and six supporting departments including Business Services Group, Corporate Services Group, Economic Group, Financial Markets Group and Financial System Group. The Bank’s need for legal services is met through a combination of in-house and external legal services. Work in certain specialist areas is always outsourced, so in those areas the in-house team does not need detailed or specialist resources. Those areas include litigation, intellectual property, employment law, real property leasing and environmental law.
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