Stick or carrot?

摘要

Alongside death and taxes, compliance is often regarded as both inescapable and unfavourable! In the financial industry alone, there is a myriad of regulation and legislation to deal with in Australia. Some is local while others are based on international initiatives: Patriot Act; Basel II; Sarbanes-Oxley; Anti-money laundering (AML); CLERP 9; FSR. Imagine if you will, a scenario where compliance is seen in a positive light Compliance effectively managed and delivered can reduce risk, enhance reputation and be a source of competitive advantage. But how do you manage what seems like a vast array of competing problems and issues?