Understanding the Compliance Investment in Financial Institutional Brokerage
With enhanced levels of risk management in banks and credit unions, coupled with increasingly restrictive securities regulations, it is not surprising that the cost of compliance and supervision for investment services in financial institutions has increased by one-third in the past three years. But, is this function appropriately resourced? Are the resources being deployed efficiently?
This survey targets the 50 largest banks with the objective of providing answers and analysis to these and other questions:
- What is the magnitude of your compliance investment compared to peers, controlling for the scale of your investment services and product mix?
- Have you allocated your compliance resources differently from industry norms?
- Do you have the optimum principal to adviser ratio?
- How have overall compliance expenses changed since last year's survey?
- Has the cost of staff in different compliance roles changed?
- How do the number of complaints you have experienced compare to others?
- Compared to your peers, do you have an abundance of complaints in certain products?
- What are the trends in number of complaints by product? By regulatory issue?
- Licensing and registration?
|This study was published under Kehrer Bielan Research & Consulting's previous name. You will see references to Kehrer Saltzman & Associates / "KSA" throughout the text. |