In what direction is compliance heading? That is the question posed by our new e-book, The Future of Compliance. To get an answer, we spoke to leading compliance experts and practitioners with intimate knowledge of the compliance profession to try and discern the likely evolution of compliance in the months and years to come.
The e-book explores the technological, regulatory and societal shifts that are likely to guide compliance in a certain direction, and the effect of those changes on firms and compliance professionals. It first addresses the great terrain that compliance has crossed, and the challenges it has encountered, before acknowledging the prestige which the profession enjoys today. By looking at how compliance has evolved, The Future of Compliance aims to garner an idea of what is to come.
It considers the risks, and the advantages, of new developments, and offers a steer to help compliance professionals mitigate the former and exploit the latter. Crucially, it asks what compliance staff can do to make the most of the opportunities that come their way, to the benefit of themselves and their firms.
The two most significant changes over the last decade are arguably regulation and technology. How has regulation shaped the way compliance professionals go about their daily tasks? What are the most significant regulatory initiatives, and what has been their impact? Has technology evolved in line with these regulatory updates? And if it hasn’t, what can be done about it? What measures can be put in place to ensure a better relationship between compliance and their colleagues? These are the questions we put to compliance experts in a bid to uncover the future path of compliance.
Through the use of case studies, industry insight and analysis, The Future of Compliance seeks to examine how risk is best mitigated, how our firms are sufficiently protected from risks, and how compliance professionals can flourish in their roles.