Corporate Regulatory and Ethical Compliance

Research findings 2015

Deloitte’s annual Ethics and Compliance survey of Corporate Compliance Officers’ looks at benchmarking the progression and challenges faced by Compliance profession in response to changes in their business and regulatory environment.

This year’s survey identified clear themes around the evolution of the Compliance landscape, perception of the compliance function and management of third party risk.

The perception of the Compliance function has shifted in the past 12 months, reflecting a growing appreciation of the value that Compliance can bring to an organisation’s competitive advantage. However, there remains a challenge to ensure that organisations have the right levels of investment in Compliance. Corporate Compliance functions are becoming clearer about the level of investment that they need, but only a third are seeing their budgets increasing.

Compliance risk exposure is still increasing but we are seeing stabilisation in the Compliance risk landscape since our 2014 survey. There is also a marked decrease in the proportion of functions expecting changes to their structure and remit in the next 12-18 months. This may present an opportunity for Compliance functions to consolidate their positions and tackle the thornier challenges of achieving an integrated enterprise wide approach to Compliance risk.

With extended use of third parties and complex global relationships, effective third party risk management has been a continued challenge for many compliance functions. We have seen extensive use of risk aligned third party due diligence and audits, however there is an opportunity for greater integration and coordination of third party risk management across organisations.

The top three third party risk areas
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