Compliance officers at banking, insurance and capital markets firms around the world can expect to play a central role in shaping the financial services industry, provided they keep ahead of a changing ecosystem.
The Accenture 2015 Compliance Risk Study surveyed compliance officers at financial services firms across the Americas, Europe and Asia-Pacific. The study finds the compliance function alive and well, retaining stature and significance and anticipating significant increases in spending.
But to ensure their relevance and retain their seat at the table, compliance officers must keep ahead of the changing financial services ecosystem, positioning themselves and their businesses to be a disruptive force—and not the disrupted.
Accenture’s 2015 Compliance Risk Study is based on a survey of leading compliance officers at 150 banking, insurance and capital markets firms across the Americas, Europe and Asia-Pacific. The 2015 effort builds on last year’s study, focused on the rising stature of compliance. The study explores steps required to help future-proof and cement the elevated role of the compliance function within the organization.