COMPLIANCE AND RISK ANALYSIS

As compliance risk continues to be a focal point for regulators, compliance officers in banks and other financial institutions are encouraged to take steps to ensure that compliance risk is adequately managed.

As global regulations proliferate, and as stakeholder expectations increase, organizations are exposed to a greater degree of compliance risk than ever before. Compliance risk is the threat posed to an organization’s financial, organizational, or reputational standing resulting from violations of laws, regulations, codes of conduct, or organizational standards of practice. To understand their risk exposure, many organizations may need to improve their risk assessment process to fully incorporate compliance risk exposure.