Compliance, huh – what is it good for?

October 2011

 

Compliance is the C word in financial services of which many people will have a rather negative view.

Compliance is the C word in financial services of which many people will have a rather negative view. On reflection, this is quite odd really, because it is compliance that keeps businesses operating. Compliance departments are often christened “Business Prevention Units”. This is actually a rather myopic stance. I would turn this around by asking “Why are you trying to undertake business in a non-compliant way?”