Compliance Teams Must Ramp Up Tech Skills, Study Finds

Law360, London (October 2, 2018, 6:09 PM BST) -- The availability of more granular business data should help investment banks' compliance teams weigh regulatory risks more proactively, but many firms may need to better train employees in order to fully reap the benefits, according to a study published Tuesday.

A joint report by Ernst & Young LLP and the Association for Financial Markets in Europe said compliance teams are facing a whole host of challenges, including the automated trading platforms and increasingly complex transactions that are being developed by the business lines they oversee.

But there are opportunities to play a more strategic role in anticipating risk too, including the...

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