Banks and capital markets firms to invest more in compliance
A new study shows most compliance managers at banking and capital markets firms predict that they will increase their investment in compliance risk management over the course of the next two years.
March 05, 2014 at 07:33 AM
3 minute read
The original version of this story was published on Law.com
A new study by Accenture shows most compliance managers at banking and capital markets firms predict that they will increase their investment in compliance risk management over the course of the next two years. Equally, the survey finds they want to build on the stature compliance it has achieved in recent years.
The study, titled “Compliance's Seat at the Table – Hard to Earn, Hard to Retain” also found that despite these investments, compliance organizations frequently falls short of their own expectations. That, according to the report, alone creates the need for yet further efforts to raise the status of compliance within their organizations.
Accenture, a global management consulting and technology services company, surveyed the state of compliance in banks and capital market firms in Europe and North America in 2013 and in 2012. The 100 respondents who were surveyed for the study were predominantly those responsible for their company's compliance management function.
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