Ben DiPietro, The Wall Street Journal’s Risk & Compliance Journal, April 17, 2017
Companies continue to spend more money and resources on compliance, but a report concluded that firms aren’t leveraging their investments to their fullest extent possible. A survey of 150 compliance executives in the banking, capital markets and insurance industries by professional services firm Accenture found 48% said they expect spending on compliance over the next two years to rise between 10% and 20%, with 18% predicting spending will rise 20% or more. Making better use of existing tools and technologies would improve the ability of organizations to make the most of their compliance spending, said the survey report. […read more]