Compliance

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Ivy Schmerken
Ivy Schmerken
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Stressed Out by Compliance, Reputational Damage & Fines?

Financial services executives are living in a "regulatory pressure cooker." Here's how executives are preparing for the new compliance requirements.
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The deepest fear is reputational damage
Failure to comply can result in steep fines, but firms are more worried about their reputations and clients.
Failure to comply can result in steep fines, but firms are more worried about their reputations and clients.

The stakes are "terrifyingly" high, because failure to comply with regulations can bring steep fines. Nevertheless, the industry's deepest worries are not about the fines. Rather, 52% of the SunGard survey respondents said they fear reputation damage the most, and 39% said the loss of clients is their worst nightmare.

 

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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Stressed Out by Compliance, Reputational Damage & Fines?
Stressed Out by Compliance, Reputational Damage & Fines?
Financial services executives are living in a "regulatory pressure cooker." Here's how executives are preparing for the new compliance requirements.