01 Jan 2009, Sponsored statement, Risk magazine
Risk: What return on investment (ROI) can be anticipated from compliance initiatives?
Substantial return. Unfortunately, without strong business participation, compliance initiatives often become tick-box exercises. This just reinforces preconceptions that they are 'all cost and no gain'. No wonder the common response is "how long can we delay?" In reality, good control initiatives can deliver reduced risk and increased efficiency, plus new business insight, justifying the investment many times over – the compliance element essentially comes for free. This sounds like the holy grail but we have seen it many times when replacing manual, error-prone controls. This saves many hours of employee time and eliminates one of the biggest causes of operational losses recorded in Basel registers.
© Incisive Media Investments Limited 2013, Published by Incisive Financial Publishing Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 04252091 & 04252093