The growing maturity of op risk and compliance

In Operational Risk ’s second annual survey on compliance, executives focus on the cost of regulatory initiatives. By Dianne See Morrison

No-one could ever accuse operational risk or compliance executives of having too little to worry about. From Basel II to anti-money laundering to the looming Markets in Financial Instruments Directive, the list of challenges continues to grow. But while the responsibilities continue to pile up, spending on initiatives to deal with them remains under a tight budget – pointing, perhaps, to a growing lack of awareness about just how much it will cost to respond to these new challenges.

But the