FSIs Care More About Compliance

New research out of the Business Performance Management Forum (Palo Alto, Calif.) verifies the financial services industry's high prioritization of compliance as a business function. In a survey of almost 400 CEOs across all industries (20 percent from financial sevices), only 47.3 percent qualified compliance as a critical initiative within their organizations. However, 71 percent of participants from the financial services industry called compliance a critical initiative. Further, 8.9 percent of respondents across all industries called compliance a low priority, while not one financial services executive classified efforts to meet regulatory demands as a low priority. <<<