The Changing Face of Compliance: Managing Regulatory Risk

In the current business climate the impact of the volume and nature of regulatory change and the regulatory risk arising from this is a significant business risk for regulated firms and regulators alike. As a consequence, management of this risk is increasingly high on the board agenda of regulated firms, with those business functions whose activities support this, such as Compliance, facing increasing levels of challenge in their efforts to be effective. The Changing Face of Compliance addresses core aspects of this challenge, considering the relationship between regulation and compliance and key influences on both, offering insight into the effectiveness of current approaches and addressing practical compliance challenges. Sharon Ward explains how the role of Compliance might be strengthened and those who work within it further enabled to support the current focus on improving standards in business, offering recommendations for enhancing this role. The text includes a mix of hands-on advice, examples and research based on the experiences of practitioners, educators and regulators drawn from across a wide range of jurisdictions and sectors. This is a thoughtful and timely book, whether you are concerned about the growing and changing implications of regulatory risk; the benefit of leveraging additional value from your Compliance function or your own Compliance role; or ways of transforming and sustaining the function to ensure its continued relevance to the business.

Table of Contents:
Introduction; I: Compliance Context; 1: Regulation and Risk; 2: Influences and Influencers; 3: Regulatory Risk Management; II: Compliance Focus; 4: The Compliance Environment; 5: The Compliance Framework; 6: Compliance Activities and Approach; III: Compliance Development; 7: Why Compliance Matters Now; 8: Compliance Challenges; 9: Enabling the Compliance Function; Conclusion

About the Author :
Sharon Ward, a regulatory compliance specialist, is Chief Examiner (GRC) for the International Compliance Association (ICA), Module Director for the Financial Services Compliance elective of the Chartered Banker MBA (CBMBA) and Editor of the Journal of Business Compliance. A Compliance professional since the mid-1990s, Sharon is a former senior practitioner active in professional education development throughout the past decade as part of her operational roles with ICA and International Compliance Training (ICT). She has taught and written on a range of governance, risk and compliance programmes both in the UK and internationally, has contributed to key industry initiatives and professional education texts, and is currently undertaking doctoral studies at Bristol University. You can find out more about her research and register interest in contributing at www.smtward.co.uk.

Review :

"it gives the reader a solid and broad foundation of what it takes to create a formal compliance program. Those looking for a serious and useful guide on getting their compliance initiatives in order will find this to be a most worthwhile read."

- Ben Rothke, CISSP (Certified Information Systems Security Professional), PCI QSA (Qualified Security Assessor), principal eGRC consultant with the Nettitude Group.