Trends For Compliance Professionals | Forbes

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The pressure to support growth while reducing cost is causing compliance operating models to evolve. The compliance function is the “second line of defense” in risk management. However, 60% of the professionals that responded to a study by Forbes say the responsibilities that were previously performed by compliance have shifted to operational management.

Addressing regulatory initiatives is still a concern. Improving responsiveness to business needs is the largest driver of transformation in compliance. That said, compliance needs to adopt technologies such as artificial intelligence and natural language processing and artificial intelligence (AI). This will enhance their teams’ skills and improve productivity.

Read more about four emerging trends for compliance professionals.

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Rethinking the Future of Regulation | Financial Times

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In preparation for the UK’s post-Brexit relationship with the EU, the Financial Conduct Authority is examining the future of regulation.

Beyond the future of regulation and discovering the role technology would play, the FCA plans to prioritize work on culture, financial crime, and fair customer treatment. According to Mr. Bailey, the FCA will try to balance supervisory responsibilities with shaping global regulation by working with international organizations and overseas regulators.

Read the full piece here.

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Culture & Conduct: the Global Regulatory Agenda | Regulation Asia

Starling Team

The UK FCA has been a definitive leader in driving the global supervisory agenda in relation to culture and conduct risk, say Jeff Kupfer and Stephen Scott at Starling Trust Sciences

On 30 March, Starling released its annual Compendium, a report on global regulatory activities aimed at promoting improved culture and conduct in the banking sector. Benefitting from input from regulators in Hong Kong, Singapore, Australia, the UK, and the Netherlands.

This report outlines several key trends. Click here to read the full article and discover some of the key themes and findings from the Compendium.

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Capitalist System + Harvard Business School | The Harvard Crimson

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Nitin Nohria, Dean of Harvard Business School says that one challenge the school is facing today is the erosion of faith in capitalism.

His stance is that since the Business School has been closely associated with trends in business, it must also work toward reassuring society that the capitalist system is productive.

According to Nohria, “We — as a school that has often been associated with business, which is closely associated with capitalism — need to ask, ‘what can we do to make sure that society’s trust in capitalism remains strong and can be rebuilt.” Nohria notes.

He also notes that Harvard has taken actions to address this, including providing more courses focused on economic structure.

Read more on the Capitalist System + Harvard Business School

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JPMorgan Fails to Close Gender Pay Gap | Financial Times

Starling Team

According to a piece by Financial Times, JPMorgan has not closed the gender pay gap in their organization. Women employed JPMorgan in the UK earn approximately 26% less than men.

Julia Meazzo, the head of Human Resources at JP Morgan comments. “We have more work to do, not only to increase women’s representation at all levels, but to advance more women into management and leadership positions across the firm. The business is accountable for driving progress and investing in employees’ growth and is committed to expanding advancement opportunities for women.”

As women continue to create their path and take on leadership roles, institutions like JP Morgan have to prioritize this issue. Organizations across the finical sector are seeing the impact of this closing gap and more women in leadership.

The question becomes: is the future of finance female? Click here to read our thoughts.

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