Enterprise Compliance Risk Management
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Оглавление
Ramakrishna Saloni. Enterprise Compliance Risk Management
Advance Praise
Preface
Acknowledgments
About the Author
Opening Notes
Design and Structure of the Book
Part One. Introduction to Compliance in Financial Services
Chapter 1. An Overview of Compliance in Financial Services
Chapter 2. Compliance in the Twenty-First Century
Part Two. The What, Why, and Who of Compliance
Chapter 3. What Is “Compliance”?
Chapter 4. Why Is Compliance Needed?
Chapter 5. Who Are the Players in the Compliance Universe?
Part Three. The How of Compliance
Chapter 6. Compliance Framework
Chapter 7. Operationalizing Compliance
Part Four. The Compliance Risk Dimension
Chapter 8. Exploring the Concept of Compliance Risk
Chapter 9. Compliance Risk Management
Part Five. The Real World of Compliance in Financial Services
Chapter 10. Real-Life Issues of Managing Compliance in Financial Services
Chapter 11. Lessons Not Learned
Chapter 12. Practical Solutions to Some Important Operational Challenges
Closing Notes
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Отрывок из книги
The first known compliance breach and regulation violation is that of Adam eating the forbidden apple. Since then, multiple compliance breaches have occurred, with challenging to catastrophic outcomes. Banks and financial services are more vulnerable to the effect of breaches and their consequences, given that they deal in the financial well-being of individuals and the economy. It is slowly dawning on the stakeholders of the industry that proactive management of compliance and the associated risks will be a business multiplier.
Compliance risk management, as a distinct subject, in banks and financial services is young and evolving. Complying with authority, in a narrow sense, has been in place for ages now, but the many dimensions and nuances added due to the exponential increase in the complexity of the financial world have greatly expanded its scope and have brought it to center stage. The creation and elevation of the role of chief compliance officer – the journey from a dusty table in a corner of the office to a place at the C level executives table in the boardroom – speaks volumes about this transition. However, the systemic integration of compliance into the business and strategic fabric of the organization is yet to happen.
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• Active compliance management as “strategic tool” in value creation, preservation, and enhancement
This book contains relevant information for all of the stakeholders of the financial services industry.
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