The world has changed and compliance along with it. Results from a benchmark survey of more than 160 compliance professionals worldwide is proof positive. StarCompliance CEO Jennifer Sun details the findings.
StarCompliance recently completed a market survey of compliance professionals from across the world of finance, asking questions we believe got at the heart of the unexpected and continuing challenges surrounding keeping individual employees and firms compliant in the new normal of remote work.
The survey garnered responses from more than 160 firms, running the gamut in size from less than 200 to more than 10,000 employees. Firm types included asset managers, private equity, broker-dealers and investment banks. Regions surveyed included North America (NA), EMEA and APAC.
The full report goes into great detail on the survey’s findings and also incorporates insights and commentary from the team at Star. Following are a few findings we felt we had to share:
1. More Requests, More Reviews
Across all four geographic regions, 43 percent reported the biggest challenge overall was handling employee requests. By employee size, the largest firms also noted this as their top challenge. It makes sense that more employees mean more requests, and the data bears this out: On average, 36 percent of the firms with…
