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9/22/14 - Optimizing Compliance Staffing

Financial institutions, particularly large ones, are responding to a prolonged wave of new rules and regulations by evaluating whether the staffing and skills of their compliance functions are sufficient to meet heightened regulatory expectations. The industry has made progress in its broad reconsideration of the role of compliance, but financial institutions run the risk of misallocating resources or finding shortcomings in staffing and skills despite substantial investment.

These missteps can be particularly costly given the earnings challenges confronting many financial institutions. Please click below to read a Sightlines InFocus by Anna Harrington and Alice Cho that discusses how financial institutions can balance budget constraints and necessary compliance investments to meet business and regulatory objectives.