Thomson Reuters Legal Solutions

THE MOUNTAINOUS TASK OF MANAGING REGULATORY CHANGE

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THE CHANGES ARE
EXPONENTIALLY INCREASING

Global banking regulatory changes have
increased from 10 changes per day in
2004 to about 160 per day today

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98% of compliance officers are expecting regulators to publish more or significantly more regulatory information in the next year

98%

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COMPANIES ARE FEELING THE PAIN

Over 80% of COOs say that a top responsibility
is compliance with regulations

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Nearly 100% of COOs say this in the financial services industry

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INTERNAL RESOURCES MAY NOT BE ENOUGH

40%

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of organizations have compliance budgets of $1 million or less, including salaries

65%

of organizations have fewer than 10 full-time people specifically focused on ethics and compliance

Only 50% of corporations have a chief compliance officer

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THERE MIGHT BE LIGHT

59%

of financial industry organizations have increased their compliance budgets in the last 12 months

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Climb the safe compliance path - icon

Climb the safe
compliance path

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