GARP Article: Where Compliance Sits Does Matter


Read this article, by French Caldwell, to know why it is necessary for BFSI to unify its compliance and risk management under the CRO. Key highlights of the article include:

  • Why does it makes sense for the compliance function to report to the CRO?
  • What should Banks supervised by the OCC keep in mind?
  • What are the steps banks should take to move forward with a prudent compliance/risk management plan?