Worse than we thought

Worse than we thought

Alexander Campbell

Looking back, it’s not as though the predictions didn’t come true in 2011. Yes, regulatory reform was a big operational risk issue, with the UK Bribery Act coming into force, the continuing drive towards the implementation of the US Dodd-Frank Act, and the advent of new and even more challenging regulations such as the US Foreign Account Tax Compliance Act and the reform recommendations of the UK Independent Commission on Banking. And concerns about business continuity were tragically confirmed

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