REPORT | Risk
Cost of Compliance 2021: Shaping the Future
The report reflects unparalleled interaction with the financial services industry and the frank concerns shared by practitioners, which provide a unique insight into the conditions under which compliance officers are working.
Are you prepared and ready for the future?
The use of technology and new ways of working could bring opportunities to banks amid the pandemic situation, but they could also pose new challenges which do not exist in the tradtional face-to-face environment [...] banks should be mindful that conduct and culture remains important when their staff interact with their customers through non face-to-face channels.
Is your Compliance function up to standard and ready for the future challenges?
Key Highlights
Summary
Regulatory Intelligence has carried out its 12th annual survey on the cost of compliance, focusing on the challenges the compliance functions at financial services firms expect to face in the year ahead. The report reflects unparalleled interaction with the financial services industry and the frank concerns shared by practitioners, which provide a unique insight into the conditions under which compliance officers are working.
Key Highlights
- 78% respondents expect regulatory information to increase in coming year
- 34% respondents outsource all or part of compliance functionality
- Reasons to a significant fall in the cost of senior staff were budget cuts (47%) and remote working (47%).
- Almost three-quarters (74%) of G-SIFIs expect more compliance involvement in assessing cyber resilience, closely followed by mitigating financial crime (65%) and assessing fintech/regtech solutions (55%).
Download the report today to find out the latest data and unique insights from your peers!
Download the Report
Fill in the form to learn the latest insights from your peers and evaluate your Compliance function today!
이 양식을 제출함으로써 귀하는 당사의 개인 정보 보호 정책에 설명된 대로 톰슨로이터 그룹이 귀하의 개인 정보를 처리할 것임을 인정합니다. 톰슨로이터의 개인정보보호정책은 당사가 귀하의 개인정보를 수집, 이용, 저장, 이전, 공개하는 방식과, 해당 정보를 수집하지 못할 경우 일어날 수 있는 결과, 귀하의 정보에 귀하가 접근 및 수정하는 방법, 또는 이의를 제기할 수 있는 방법을 설명합니다.