(Thomson Reuters: New York) -- Thomson Reuters, a leading source of intelligent information for businesses and professionals, has published the findings of its sixth annual Cost of Compliance survey, which reveals that regulatory fatigue, resource challenges, and personal liability are expected to increase throughout 2015. These findings reflect the sheer volume of regulatory change that continues to be anticipated as firms navigate both international and domestic rules that have global impact with resulting overlaps.
ADVERTISEMENT |
According to the survey, global systemically important financial institutions (G-SIFIs), given their larger size of operations and resources, are better equipped to manage these 2015 findings as opposed to smaller non-G-SIFIs.
The findings also highlighted the diverse pressures that compliance functions continue to face, with broadening compliance remits, no letup in the volume of regulatory change, and the growing pressure on compliance budgets.
…
Add new comment