Finance

Achieving Financial Sector Regulatory Compliance Using Efficient Information Storage Management

Compliance may still be the top priority for companies across the financial services sector, but there is a growing indication that proactive non-compliance is on the increase, according to research undertaken in December 2004 by IDL on behalf of HP.

The study revealed conclusively that compliance legislation, most notably FSA regulations, heads the agenda for organisations from broker/dealers to insurers and bankers this year. However, many companies are weighing up the risks of non-compliance, from fines to public perception, and opting out of specific regulations.

But just how does this approach affect the overall compliance strategy? And what will be the business implication when a company’s appetite for risk changes as a result of business review or regulatory overhaul?