Suitability Surveillance and Controls
Despite how many risk and compliance eyes an investment bank has inspecting client activity, when it comes to managing risk, it’s impossible to review each and every investment recommendation or transaction by a simple eyeballing of trade records. And understanding any recommendation or transaction in the context of a client’s investment profile is both a critical and mandatory part of the review process. What steps should banking compliance be taking to make sure their sales practices and suitability controls are…
