The Risk Advisory Group surveyed over 150 compliance professionals to pinpoint the key issues for the industry going into 2017. In our Compliance Horizon report we examine how issues ranging from uncertainty surrounding geopolitical events to the need for increased efficiency are affecting today’s compliance teams.
Ambiguity caused by geopolitical shocks such as Brexit and the US election are front of mind for the compliance industry as it plans for the future
53 per cent of compliance professionals cited the threat of a recession as the biggest external risk facing their business in the year ahead, with Brexit as their second biggest concern
80.5 per cent of compliance professionals identified Donald Trump as the presidential candidate who posed the greater threat to the compliance profession
73 per cent of the compliance professionals we spoke to think that their budgets will either be cut or stay the same in 2017 and 48 per cent said it would take an internal investigation to drive any increase