Enforcement

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.

  1. 01Jurisdiction
  2. 02Industry
  3. 03Activity
  4. 04Authority
  5. 05Regulation
  6. 06Requirement
  7. 07Guidance
  8. 08Control
  9. 09Evidence
  10. 10Enforcement

Connections

The terms most closely tied to Remediation requirement. Select one to open it.

This term

What to do about it

  1. 1Link the action to the obligations it cites.
  2. 2Ask whether your controls would have caught the same failing.
  3. 3Remediate any gap and record the decision.
  4. 4Keep evidence that the fix is working.
In Regulation Layer

From requirement to evidence.

Remediation steps are drafted, assigned and tracked to a sealed close.

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Related terms

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