Compliance spending to rise 23%, says PwC


The survey found that external requirements and regulations account for 74% of total compliance costs. US firms spend more on external requirements (84% of their compliance budget) than their European counterparts, who spend 61% of their compliance budget on external requirements. European firms spend more (39% to 16%) on internal compliance -- including ethics, code of conduct and risk management rules -- than their US counterparts.

Dan DiFilippo, New York-based US leader for governance, risk nd

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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