For Compliance Pros, 2014 Will Be Tougher than Last Year
January 17, 2014
Last year, I told you not to believe any of that “best of years, worst of years” stuff à la Charles Dickens with regard to 2012. I believed then that it was just plain among the worst of years for compliance professionals.
That belief is backed by data: enforcement actions reached new highs in 2012, both in terms of the number issued and the amounts of the monetary penalties assessed.
But if 2013 was less eventful than the prior year, every indication is that 2014 will be “challenging” for financial institutions and regulators.