84 percent of compliance professionals believe in the coming year they
will have more compliance issues to consider. With nearly 50% of those
believing there will be significantly higher levels of compliance requirements.
Combined with the fact that most compliance professionals believe, that their
resources and budget will likely stay unchanged in the coming year is putting
even greater pressure on already stretched departments.
If just the rules and regulations set by the OFT, FSA, CSA and DBSG are
taken in to account the mind field of compliance issues and worries is quite extensive.
However, they are there for a reason and help to simplify best practice. Over
recent years many changes have happened to improve the image of the industry
and surely this can only be a good thing. A company which operates in the best
interest of its customers will have little to fear and to do this the correct
processes are required to be in place.
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