Putting compliance firmly up the agenda is a core goal of Compliance Register (CR), the organisation committed to improving the image of compliance officers across the financial services sector, hence its first compliance awards ceremony taking place in September.
While regulatory changes are creating increasing demand for such employees, it is also recognised their roles as guardians of standards must change as the new regulatory regime spreads the burden of compliance work, says Ben Goh, CR secretary. Relying on one or more compliance officers to ensure standards are met is not going to be enough in the new climate, wherein the FSA can apply penalties to any number of senior executives, all the way to the top, Goh says. And it is not only regulated individuals who should bear the compliance burden in mind. Anecdotal evidence suggests the F...
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