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Study: technology key to CCOs keeping a ‘seat at the table’

Joe Mont | March 17, 2016

The ability of financial institutions’ compliance functions to manage risk is challenged on multiple fronts, including rising expectations that they play a stronger, more strategic role in front-office processes, the increased volume and complexity of regulations, and a lagging data and technology architecture, according to a new compliance risk report from global professional services company Accenture.

The latest of Accenture’s annual reports on compliance risk, “Compliance at a Crossroads: One Step Forward, Two Steps Back?,” is based on a survey of more than 150 compliance officers at banking, insurance and capital markets firms across the Americas, Europe, and Asia-Pacific.

The report notes that the compliance function is continually pressured to be better entwined with company strategy.

Nearly half of respondents to the survey stated that the number...

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