Rules are Coming
Rules are Coming
More rules and regulations are coming
To restore trust in the financial system, the government is moving towards more rules and exceptions, and more rules-based regulation. The trend towards de-regulation is over. Regulatory reform is coming back. That means more rules and regulations than ever before.
Management will have an obligation to follow the rules and laws when making decisions. These decisions better be consistent, correct, complete, and compliant if you really want to stay in business.
Companies will need to implement systems that follow the rules and make rule-based decisions.
It's time to adopt the business rules approach and business rules management. It's time to build rulebases and embed rulebase technology into operations and existing systems.
Rulebased systems that are engineered and architected properly:
- follow the rules
- automate management's decisions
- ensure compliance
- and deliver trust. Rule engines can be trusted because they implement the decisions management intended.
Rulebased systems and business rules management are the solution for rule-based-compliance.