June 28, 2016
The Financial Services industry has been exposed to drastic change since the financial crisis in 2008. As adjustments are being made and government rules and regulations are increasing in both volume and complexity, senior risk executives and their organizations are struggling to keep pace with these rapid and critical changes.
Can you relate to what your industry peers are experiencing?
It’s daunting for Legal and Compliance organizations to handle regulatory change pressures, especially with strained and over-burdened resources and pressure to work more effectively. In fact, 59% of Financial Industry organizations have increased their compliance budgets in the last 12 months. Yet throwing money and people at the problem hasn’t solved it.
Financial institutions yearn to find a regulatory compliance management solution to avoid financial and reputational risk while moving forward with business as usual activities. But are they choosing the right path to address these critical challenges?