Cost of Compliance Survey 2012

Cost of Compliance Survey 2012

Thomson Reuters Governance, Risk and Compliance surveyed more than 500 compliance practitioners from financial services firms around the world between November 2011 and January 2012 to canvass their views on the costs of compliance and their greatest challenges for the year ahead. The results reflect the continued focus on regulation and compliance in the aftermath of the global financial crisis and the ever-increasing complexity and volume of requirements.

This essential report covers 7 key themes:

• Tracking, analysing and influencing regulatory change
• Updating policies and procedures
• Reporting
• Alignment with other control functions
• Liaison with regulators
• Managing regulatory risk
• Financial costs and budget

Further, the Cost of Compliance Survey Special Report looks ahead to examine the greatest challenges compliance officers anticipate in 2012 and the likely impact of the regulatory change to come.