Compliance officers face change, change and more change, overlaid with the challenge of an increasingly wide range of sanctions being used by regulators to drive home the need for visibly effective compliance. But this uncertainty presents opportunities. Firms can seek to influence their futures rather than simply watching as rulebooks change.
A new age of financial regulatory reform dawns in 2017.
Donald Trump’s presidency in the United States and the UK’s planned divorce from the European Union are taking shape as the main drivers of an uncertain era of “dismantling,” even as the structure built since the financial crisis remains incomplete. This transformation of the government role is taking place, furthermore, as the financial industry races to develop and adopt new technological approaches to compliance.
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