FCA expects more proactive compliance staff

By : |October 31, 2013 0

USA: Following the warning from the Financial Conduct Authority (FCA) that compliance staff must be more proactive, Mark Walker-Smith, client director at Worksmart – the financial services compliance software provider, made the following comments.

“Compliance isn’t just about ticking boxes. It should be seen as an opportunity to improve the way a business functions. Companies that embrace modern technology to integrate as many parts of their business as possible will benefit from much more meaningful management information and reporting capabilities.

“Compliance officers need to make themselves aware of the tools available to help them maintain adequate systems and controls. If firms invest in talent and embrace modern technology now to keep the long-term costs of compliance down, they’ll keep on the right side of the regulator and see tangible business benefits.”

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