ABSTRACT
The role of Compliance in supporting collective efforts towards improvements in the financial services environment is substantial. Having emerged from its predominantly back office role of monitoring, it has taken its place as an established and worthy member of the oversight and assurance operations within regulated businesses. However, notwithstanding its unique role as the bridge between the regulator and the regulated business, the true benefits of its position as a conduit for the effective management of regulatory risk have yet to be fully harnessed. Developing as a recognised profession in its own right, with a growing number of experienced professionals working to create an environment in which the collective regulatory aims and objectives of both the regulator and the regulated firm can be channelled to the benefit of both, Compliance has a significant role to play in turning words into deeds.
