Cookie policy: This site uses cookies (small files stored on your computer) to simplify and improve your experience of this website. Cookies are small text files stored on the device you are using to access this website. For more information on how we use and manage cookies please take a look at our privacy and cookie policies. Some parts of the site may not work properly if you choose not to accept cookies.

sections
Home > Mimecast > What's Compliance Costing You?
 

What's Compliance Costing You?

White Paper Published By: Mimecast
Mimecast
Published:  Jul 15, 2019
Type:  White Paper
Length:  2 pages

Why Financial Services Organizations Need Modern Supervision:

  • Average global corporation faces 30,000 legal and regulatory recordkeeping requirements
  • Supervision is the top operational risk
  • Top 10 Banks spend over $50M/yr on Supervision technology
  • Financial services firms face regulatory audits every six months in order to prove they supervise their broker/dealers
  • $15M fined to leading financial services organization for “failing to adequately supervise communications”
  • FINRA penalties have reached around $100 million in consecutive years
  • Reviewers spend too much time searching for violations



Tags :