Two thirds of compliance teams will have to make do with a stable budget in 2022, despite the more challenging risk landscape, a Regulatory Intelligence poll has found. The live survey during a webinar on the outlook for the year ahead found that only 9% of compliance teams expect to see an increase in their budget this year.
For 18% of firms the news is even more bleak, with one in every five compliance teams expecting to see a reduction in their 2022 operating budget.
Nathan Lynch is an experienced writer, public speaker, manager and technology enthusiast in the field of financial regulation and risk management. At Thomson Reuters, Nathan leads a team of experts who provide breaking news, deep analysis and practical guidance to risk practitioners in the global financial services sector.
Nathan manages Thomson Reuters’ award-winning Regulatory Intelligence team across the Asia-Pacific region, tracking developments in financial services law, regulation, financial crime and risk management. Nathan has been involved in building innovative, tech-based businesses in the financial services “regtech” sector — including Complinet Australia and the Thomson Reuters Risk business.