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Navigating the evolving regulatory maze: compliance management in a changing world

Navigating the evolving regulatory maze: compliance management in a changing world Purpose – The purpose of this paper is to assist investment company managers in proactively navigating the risky and ever‐changing market and regulatory environment and to provide an outline for a flexible and robust risk‐based compliance management methodology. Design/methodology/approach – The paper makes recommendations on: becoming familiar with best practices in internal controls and regulatory trends, reassessing compliance management goals and objectives, identifying risk scenarios and related compliance events, designing control systems, updating compliance policies and procedures, and conducting periodic reviews of compliance management systems. Findings – The paper reveals that compliance risks have attained a new level of visibility. To minimize potential hazards, current and evolving risks must be identified, documented and effectively managed by investment firms, regulators and legislators. Originality/value – The paper provides practical advice by a compliance management systems provider and a consultant specializing in compliance and risk‐based due diligence consulting. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Investment Compliance Emerald Publishing

Navigating the evolving regulatory maze: compliance management in a changing world

Journal of Investment Compliance , Volume 9 (2): 5 – Jun 13, 2008

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Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
1528-5812
DOI
10.1108/15285810810886171
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to assist investment company managers in proactively navigating the risky and ever‐changing market and regulatory environment and to provide an outline for a flexible and robust risk‐based compliance management methodology. Design/methodology/approach – The paper makes recommendations on: becoming familiar with best practices in internal controls and regulatory trends, reassessing compliance management goals and objectives, identifying risk scenarios and related compliance events, designing control systems, updating compliance policies and procedures, and conducting periodic reviews of compliance management systems. Findings – The paper reveals that compliance risks have attained a new level of visibility. To minimize potential hazards, current and evolving risks must be identified, documented and effectively managed by investment firms, regulators and legislators. Originality/value – The paper provides practical advice by a compliance management systems provider and a consultant specializing in compliance and risk‐based due diligence consulting.

Journal

Journal of Investment ComplianceEmerald Publishing

Published: Jun 13, 2008

Keywords: Regulation; Financial management; Compliance costs; Risk management

References