Prepare yourselves, compliance officers: the banking crisis is back to haunt you yet again.
So say more and more of you, talking to me, wondering how your lives will change as one Wall Street bank after another announces dramatic plans to expand its compliance staff. “This is going to be huge,” one chief compliance officer of a mid-sized insurer told me last week. “I’m certainly not going to be able to raise my salaries to compete with these guys. I’m not going to hire thousands of staff.”
