Cost of compliance looks set to increase


Rising costs have also provoked a trend for increasing personnel to handle compliance requirements in the hope of addressing issues quickly. But in many cases this has only resulted in increased inefficiencies and more costs, says the report. Unsurprisingly perhaps, less than a quarter of respondents thought compliance efforts were always timely or effective.

"The regulatory environment has become so complex," says JR Reagan, managing director for global risk, compliance and security at financial

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