Around the world, compliance professionals continue to struggle with the pace and breadth of evolving regulations and, more than ever, need the support of the Board of Directors to deliver effective risk management.
So says a new survey conducted by Thomson Reuters of more than 800 compliance practitioners at financial services firms in 62 countries. “While important, the role of compliance should be to advise and assist the business, and in the current environment where compliance resource is stretched, the business itself should be encouraged to own its policies and procedures,” a report accompanying the results says.
