ABSTRACT
Compliance activities provide valuable oversight and assurance to these key stakeholders that the requirements they have set in support of their respective objectives have been adhered to. Conduct risk is currently high on the regulatory agenda, and there is an increasing shift towards focusing on the role of the individual in terms of requirements and responsibilities, as well as those of the collective, such as firms and industry sectors, for example. The regulatory Compliance function is one that deals with risk management every day. The Compliance role has adjusted and developed its remit over many years, reflecting its changing operational environment and the demands placed upon it. As a consequence, the role of regulatory Compliance functions in regulated firms, tasked as they are with assisting in the management of risks arising from adherence to such regulations, has grown in prominence. The chapter also presents an overview of the key concepts discussed in this book.
