Regulatory compliance has become an increasingly pervasive feature of daily business in industry today as the various supervising agencies of Western governments introduce regulations that affect the full value chain. The debate is no longer about whether or not regulations might get introduced, but rather when they will be and will we be prepared.
Today the financial services industry commands the greatest attention as supervisory bodies introduce, resurrect or accelerate governance models including:
BASEL;
Solvency;
Dodd Frank;
European Market Infrastructure Regulation (EMIR);
Markets in Financial Instruments Directive (MiFID);
Know Your Customer (KYC);
Treating Customers Fairly (TCF);
Single Euro Payments Area (SEPA);
Foreign Account Tax Compliance Act (FATCA); and
The Volcker and Vickers reports
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