Thomson Reuters Governance, Risk and Compliance surveyed more than 800 compliance practitioners, including a significant number of heads of compliance and chief executives, from financial services firms around the world between November 2012 and January 2013, to canvass their views on the costs of compliance and the greatest challenges they expected to face during the year ahead. This is essential reading to understand how everyone will tackle the response to the increasing volumes of regulatory material being published every day.

The survey 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 examines the likely impact of the enforcement of the new measures.