Risk And Compliance

Risk and Compliance is a fundamental component of financial services. With a growing set of regulatory and operational compliance requirements, organisations are under increased pressure. 

Today compliance goes beyond regulation. Society demands rigorous standards of integrity in financial services and internal control. The compliance function is an integral part of the corporate governance structure, augmenting and strengthening other aspects of control and risk management.

Regulatory liabilities can be significant, so organisations look for ways to protect themselves as enforcement becomes more assertive.

Compliance is the provision of services that facilitate an organisation identifying and meeting its obligations whether they arise from laws, regulations, contract, industry standards, or internal policy. 

Achieving effective and efficient compliance requires:

• commitment and leadership from the Board and the CEO
• analysis of requirements and identification of risks, requirements and exposures
• development of systems and procedures
• the creation of an organisation-wide compliance culture.