Thomson Reuters 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 around the world expect to face in the year ahead.
The report has become the trusted and acknowledged voice of risk and compliance practitioners around the world. TRRI’s unparalleled interaction with the global financial services industry — coupled with the frank and wide-ranging issues and concerns shared by practitioners — continues to inform a unique insight into the practical reality and challenges faced.
The Cost of Compliance 2021 report highlights a need to support wider cultural, operational (including technology) and people requirements but all will require future investment and resources. Compliance officers seem to be taking a pragmatic view.
Complete the form to download the report which covers the following key topics:
- Challenges in the coming year for board and compliance functions
- Culture and conduct risk concerns
- Ideal future of the compliance function
- Regulatory change
- Outsourcing and technology
- Personal liability
To read more about the cost of compliance in the APAC region, visit our latest blog post here.
About the authors
Susannah Hammond is senior regulatory intelligence expert for Thomson Reuters with more than 25 years of wide-ranging compliance, regulatory and risk experience in international and UK financial services. She is co-author of “Conduct and Accountability in Financial Services: A Practical Guide” published by Bloomsbury Professional.
Mike Cowan is a senior regulatory intelligence expert for Thomson Reuters with over 25 years’ experience of compliance, regulatory, risk and internal audit in UK financial services as regulator and practitioner.