No pervasive compliance problems uncovered
PwC’s di Florio hired as compliance chief
Pace of regulatory change increasing
Lax enforcement is not the reason rules are ineffective; rather, the problem is largely one of compliance
UK, U.S. regulators have switched focus from principles to rules
For the second year in a row, advisors are satisfied with compliance, bucking the trend of years past
Inadequate supervision a common deficiency
Editorial
Having an effective compliance program is the only way firms can meet their regulatory responsibilities, the SRO says
But this is shortsighted as compliance serves a much-needed quality control function, critics charge