A quick read of the Obama Administration’s proposed reforms of regulatory oversight leaves you with two impressions. First, for the large majority of compliance officers and financial reporting executives out there not involved in the financial sector, little will change. You still have much bigger concerns about increasingly aggressive folks at the Justice Department and Securities and Exchange Commission you need to worry about in your daily routines.
Second, not much has changed for those compliance officers who are in the financial sector, either: they still face too many voices in the regulatory realm, talking past each other and investors, sending conflicting messages about what financial firms are supposed to do.
