I recently came across an article suggesting that the compliance functions of financial institutions are to become the subject of significant job cuts over the coming months, and whilst it comes as no surprise that firms seeking to increase profitability look to reduce spending in areas that do...

When financial institutions talk about "compliance" what they are referring to is compliance with the laws and regulations of the countries that they operate in, "compliance risk" refers to the risk of the institution or its staff breaching those regulations and "controls" are the people,...

My previous posts have described the compliance risk control mechanisms in operation by the financial services sector as fundamentally flawed and suggested that the industry would benefit by adopting an entity-centric model more analogous to the one employed by security and law enforcement...