Regulatory changes pose challenges to internal audit departments at financial institutions (Grant Thornton)

January 2014

KEYWORDS: regulatory reform, regulatory requirements, audit, market structure, financial institutions

Authors:

Nichole Jordan

Organizations:
  • Grant Thornton

Summary:
Across the financial services industry, recent regulations have introduced a multitude of new requirements that continue to present firms with significant operational, compliance and control challenges. Regulatory reforms in banking, securities and derivatives have left key financial institutions with new compliance and reporting requirements, mandated changes in market structure and business practices, and have imposed higher standards of conduct on many market intermediaries.

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