Remediation requirement
An obligation imposed by an authority to fix the causes and consequences of a breach.
Overview
Remediation can include customer redress, process and system changes, look-backs, independent reviews and ongoing reporting.
It connects most directly to Corrective action plan and Consent order.
Check the official sources below for legal scope, applicable dates and exceptions. This entry is an explanatory reference, not legal advice.
Why it matters
Remediation is usually the largest cost of an enforcement outcome.
Who it affects
Firms subject to enforcement or supervisory findings.
Where it sits
Ten linked steps connect where you operate to the proof that you complied.
- 01Jurisdiction
- 02Industry
- 03Activity
- 04Authority
- 05Regulation
- 06Requirement
- 07Guidance
- 08Control
- 09Evidence
- 10Enforcement
Connections
The terms most closely tied to Remediation requirement. Select one to open it.
What to do about it
- 1Link the action to the obligations it cites.
- 2Ask whether your controls would have caught the same failing.
- 3Remediate any gap and record the decision.
- 4Keep evidence that the fix is working.
From requirement to evidence.
Remediation steps are drafted, assigned and tracked to a sealed close.
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