Compliance Risk Assessment Templates in Switzerland: A Game-Changer for Financial Institutions
A new tool has been launched to help Swiss banks and financial institutions assess the compliance and risks of their sensitive cloud projects with ease. The Vischer Cloud Compliance and Risk Assessment (CCRA-FI) is a universal template that covers all aspects of data protection law, professional secrecy, FINMA requirements, and “good cloud practice” standards.
How CCRA-FI Works
The CCRA-FI tool provides a step-by-step methodology for financial institutions to assess the compliance and risks of their cloud projects. It involves all stakeholders in completing sections assigned to them, providing a comprehensive picture of the project’s compliance status. The tool is based on an Excel file, which can be used instantly without installation required.
Key Benefits
- Allows financial institutions to document their assessment for compliance purposes, decision-making, audits, and regulator requirements
- Provides recommendations on what is required for compliance, including guidance on FINMA’s circular 2023/1 on operational risk
Design and Customization
The CCRA-FI tool has been designed specifically with Swiss financial institutions in mind, taking into account the country’s unique data protection laws and regulations. It can be fully customized to meet the specific needs of each institution, and Vischer’s experts are available to coach, advise, and support users as needed.
Proven Effectiveness
According to Vischer, the CCRA-FI tool has been proven effective in various cloud projects, and its methodology is based on extensive experience working with FINMA and other regulators. The company claims that its tool can help financial institutions save time and resources by streamlining their compliance assessments and risk evaluations.
What’s Included
The CCRA-FI tool includes a range of worksheets to guide financial institutions through the assessment process, including:
- Contract questionnaires for vendors
- Cloud compliance and risk documentation
- Data processing agreement assessments
- And more
Get Started Today
Are your cloud projects compliant with Swiss data protection, professional secrecy, and FINMA requirements? Find out by using Vischer’s CCRA-FI tool today.
Visit Vischer’s website to learn more and access the public sector version of the CCRA-FI tool.