Compliance Insights: Past Lessons And Future Direction
Compliance is no longer the check-in-the-box activity that it was before. Over time, the compliance function has made a dramatic turn towards innovation-fueled strategies, as it seeks to deliver the risk management outcomes required in an era of digital transformation. As technology becomes pervasive, regulators across the globe are making security and compliance regulations stringent and the cost of non-compliance unbearable.
As the industry continues its rapid evolution i.e. open banking, cryptocurrency and quantum computing are just examples of shocks to the industry that create uncertainty and test the resilience of compliance. Compliance needs a new, forward-thinking approach to continuously monitor its situation and evaluate and improve its ability to remain resilient in a financial services landscape that is subject to disruption and overnight change.
Through the use of case studies of real-world examples and hypothetical situations, this workshop is designed to give insights on compliance issues and lessons that can be learnt to assists compliance officers in carrying out their duties and responsibilities. It will also discuss the future of compliance as technology becomes pervasive, changing the way compliance is managed and changing the role of a compliance officer.