Schilder on banks and the compliance challenge

In the speech 'Banks and the compliance challenge' given on 16 March Professor Arnold Schilder of the BCBS Accounting Task Force said compliance risk is becoming one of the major risks banks are facing.

"The increasing globalization, issues with the corporate governance of complex institutions, changing laws and regulations, the understanding of what constitutes sound risk management, and the continuous evolution of financial products create complex situations for banks that operate on a cross

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