Most Compliance Analysts Expect Increased Personal Liability

59% of nearly 600 compliance professionals in financial services firms anticipate their personal liability to increase 2015, according to a recent survey from Thomson Reuters.

After surveying nearly 600 compliance professionals from financial services firms across the world, Thomson Reuters published a report titled: “Cost of Compliance Survey 2015” to highlight the pressures in dealing with compliance functions.

Compliance officers confront snowballing regulations

According to the Thomson Reuters 2015 Cost of Compliance Survey, compliance officers are clearly experiencing regulatory fatigue and overload in the face of snowballing regulations. For instance, 70% of firms are expecting regulators to publish more regulatory information next year and 28% expecting significantly more.

Highlighting the importance of keeping abreast of changes, the survey notes one third of...