Читать книгу The Compliance Revolution - Jackman David - Страница 8

The landscape of regulation and compliance is changing fundamentally. New elements are emerging that bring new sets of priorities, approaches, and methodologies. Chapter 1 shows how compliance needs to move in a more strategic direction.

To understand this change in direction, we need a map. A theoretical model is set out in Chapter 2 giving a coherent picture of the past and future development of regulation and compliance. This is our base map for understanding the past and future development of regulation and compliance. This framework also helps to explain why change happens, and what regulation and compliance should do to be properly prepared and fully engaged.

The model is based on financial services but could be applied to any industry or sector. While we primarily use examples from the UK and Singapore, which are both leading the way in their respective spheres, similar patterns can be found around the world. Not all jurisdictions are travelling at the same rate, so the model can be used to classify them and predict their future path.

Chapter 3 reminds us that the record of compliance over the last decade has been difficult. This is partly because the changes underway prior to the Global Financial Crisis (GFC) of 2008 were not properly embedded by the time they were severely tested. This demonstrates clearly those firms and compliance practitioners who fail to understand the Bigger Picture and embed change are running a significant individual and corporate risk.