Compliance functions, across financial services, have gone through a major period of growth and investment since the 2008 financial crisis. Many firms have seen a massive expansion in their Compliance functions since then. Despite this, they have been put under significant strain as a result of the COVID-19 pandemic. As firms assess the extent of the impact and embrace the new reality of COVID-19, there is an increasing realisation of the need to improve the effectiveness and efficiency of the Compliance function.
In this paper, we focus on how Compliance can meet these twin objectives and what firms need to consider when transforming their compliance function.
Read our updated report (PDF 917 KB) to find out more.