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White Paper

Conduct Risk - When Compliance Becomes a Game

Company: Thomson Reuters

Thomson Reuters case study

Category: Compliance

Published: 19 May 2014

Format:

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Overview

As markets await a clearer agenda for change, everyone is busy considering their own approach to conduct risk. With fines in the tens of millions, some organizations are finding that it can be costly to ignore the significance of good conduct. Regulators are calling for a new culture of risk controls which go beyond mere financial reporting and impact directly on human behavior.

Recent research into types of "creative compliance" has uncovered alarming lessons about what happens when democracy and commercial interests fall out of balance. The various categories of "compliance games" have led to regulators now promising to recalibrate what they deem acceptable, causing a number of organizations to be caught in the conduct spotlight.

Read this whitepaper to explore contrasting views of risk, the various categories of compliance games, and understand why many conduct risk controls have historically failed.

 

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Categories related to Compliance