Read on for a 2018 Roundup
An avalanche of regulation in recent years has made the role of compliance teams ever more vital to organizations – and 2018 was another landmark year.
The introduction of MiFID II in January impacted compliance programs worldwide as firms grappled with the need to ensure their global standards met the regional requirements mandated by the European Union.
In this report we take a closer look at how MiFID II is driving evolution in compliance and impacting future reforms – and examine how the growth in global regulation is transforming the nature of compliance itself.
The job of the compliance officer is evolving, from a largely supervisory role to that of a strategic business partner who can help improve many areas of operations. Collecting data is no longer enough. Compliance departments need to be able to quantify, review and report on the metrics they hold – leveraging the data as a feedback tool to reduce operational risk and costs.
In this report we look at these trends and discuss the importance of data quality integrity and completeness in this changed landscape. We also examine the evolving role of compliance in proactive risk mitigation and trading of cryptocurrencies, as well as the increasing role of women in the field.
We hope you find the report valuable and informative. If you would like to receive more insights like these in 2019, or if you would like further information on Bloomberg’s compliance solutions and how we can help your organization, please don't hesitate to contact us.
