Organisation, Process and Conclusion

Aviv Handler

This concluding chapter will bring together all that has been covered in this book so far, and offer some conclusions on the direction in which regulatory compliance matters could evolve. Before doing so, it is useful to take a high-level look at relevant organisational issues and models that could be adopted in order to aid good compliance outcomes. As with several other aspects of regulation covered here, these elements deserve a book in themselves.

Several issues are worthy of consideration when examining how to construct a control framework within an organisation:

    • the functions required;

    • where in the organisation each function belongs;

    • the overall governance models;

    • processes and procedures for each of the “four streams of regulation”, and the skill sets needed to support them; and

    • the maturity of the compliance function and of the organisation in compliance terms.

The actual organisation and processes within a company will depend on many factors, including the:

    • structure and size of the company itself;

    • nature of the company (asset-based, a “proprietary trading” market participant, a financial

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