{"id":114990,"date":"2025-05-12T16:54:38","date_gmt":"2025-05-12T20:54:38","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/regulation\/why-deregulation-does-not-always-mean-lower-compliance-costs\/"},"modified":"2025-08-06T10:52:49","modified_gmt":"2025-08-06T14:52:49","slug":"why-deregulation-does-not-always-mean-lower-compliance-costs","status":"publish","type":[3762],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/regulation\/why-deregulation-does-not-always-mean-lower-compliance-costs\/","title":{"rendered":"Why deregulation does not always mean lower compliance costs"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c4db51e1e3'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-7\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer bbg-spacer--lg\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p class=\"small\"><strong><span style=\"font-size: 14px; letter-spacing: 1px; color: #0062dd;\">ARTICLE<\/span><\/strong><\/p>\n\n<\/div>\n<div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div>    <h1 class=\"bbg-metadata bbg-metadata--title\">Why deregulation does not always mean lower compliance costs<\/h1>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 50px !important\"\n    >\n<\/div>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/markets\/\" rel=\"category tag\">\n                    Markets\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/regulation\/\" rel=\"category tag\">\n                    Regulation\n                <\/a>\n            <\/li>\n            <\/ul>\n<\/p>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-5\"\n    style=\"\"\n    >\n    <div id=\"\" class=\"wpb_content_element bbg-single-image align-left\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/408970037-1-resiz.jpg\" class=\"bbg-single-image__image attachment-full\" alt=\"Office building at night\" title=\"Office building at night\" \/>\n        \n            <\/figure>\n<\/div>\n\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c4db529929'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-6 bbg-column--m-width-6\"\n    style=\"\"\n    >\n    <p>    <p class=\"bbg-metadata bbg-metadata--date\">May 12, 2025<\/p>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><strong>Bloomberg Professional Services<\/strong><\/p>\n\n<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2 bbg-column--valign-middle bbg-column--m-width-2 bbg-column--s-padding-right-2\"\n    style=\"\"\n    >\n    <div class=\"bb-tts\"\n\tdata-selector=\"main\"\n\tdata-label=\"Speak this page\"\n\tdata-custom-play=\"Play\"\n\tdata-custom-pause=\"Pause\"\n\tdata-custom-stop=\"Stop\"\n\tdata-overlay=\"false\"\n\tdata-invert=\"false\"\n\tdata-no-time=\"false\"\n\tdata-no-button-text=\"false\"\n\tdata-one-button=\"true\"\n\tdata-one-style=\"true\"\n\tdata-hide-stop=\"true\"\n\tdata-voice=\"Gordon\"\n\tdata-pitch=\"1\"\n\tdata-speed=\"1\"\n\tdata-align=\"flex-start\"\n>\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a0c4db52c429'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><em>This article was written by Nader Shwayhat, Global Head of Compliance, Analytics, and Directory Solutions, and Christian Benson, Market Structure &amp; Risk Strategist, Government Affairs at Bloomberg.<\/em><\/p>\n<p><span class=\"TextRun SCXW88863959 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW88863959 BCX0\">With regulatory reform and simplification high on the priority list of governments worldwide, financial institutions are looking closely for opportunities to streamline operations, reduce compliance burdens, and unlock new efficiencies.\u00a0<\/span><\/span><span class=\"EOP TrackedChange SCXW88863959 BCX0\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c4db52ddd0'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-3\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div><hr class=\"bbg-separator bbg-separator-1\" style=\"height:1px;\" \/>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 32px !important\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p class=\"small\"><strong><span style=\"font-size: 14px; letter-spacing: 1px;\">PRODUCT MENTIONS<\/span><\/strong><\/p>\n\n<\/div>\n\n<div\n  id=\"cta_8803650776841323932\"\n  class=\"wpb_content_element bbg-cta no-icon\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p left\">\n      <a\n        class=\"bbg-cta-link link\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/products\/compliance\/vault\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"Bloomberg Vault\"\n        >\n                      Bloomberg Vault\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n<div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div>\n<div\n  id=\"cta_175026576010690618\"\n  class=\"wpb_content_element bbg-cta no-icon\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p left\">\n      <a\n        class=\"bbg-cta-link link\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/explore\/request-demo\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"Bloomberg Terminal\"\n        >\n                      Bloomberg Terminal\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n<div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div><div\n    class=\"bbg-spacer\"\n        style=\"height: 32px !important\"\n    >\n<\/div><hr class=\"bbg-separator bbg-separator-1\" style=\"height:1px;\" \/>\n<\/p>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-1\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-6\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span class=\"TextRun SCXW148529823 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW148529823 BCX0\">Yet while this regulatory reform agenda promises relief for firms, it will also usher in a new wave of complexity. This complexity is driven by growing global fragmentation, evolving institutional dynamics, and rising client expectations. Together, these drivers are combining to create a more nuanced and demanding landscape for compliance professionals<\/span><span class=\"NormalTextRun SCXW148529823 BCX0\">.\u00a0\u00a0<\/span><span class=\"NormalTextRun SCXW148529823 BCX0\">\u00a0\u00a0\u00a0<\/span><\/span><span class=\"EOP SCXW148529823 BCX0\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c4db531a5b'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span class=\"TextRun SCXW107896148 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW107896148 BCX0\">Bloomberg recently joined representatives from the global asset management community at the 1LOD Asset Managers Regulatory Roundtable in London to explore what the regulatory reform agenda might mean in practical terms for financial services firms. Across the discussion, a common theme <\/span><span class=\"NormalTextRun SCXW107896148 BCX0\">emerged<\/span><span class=\"NormalTextRun SCXW107896148 BCX0\">: firms are working to strike a delicate balance to align global operations and safeguard their reputational strength, while also seizing opportunities to modernize and rationalize their compliance frameworks.<\/span><\/span><span class=\"EOP SCXW107896148 BCX0\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--margin-top-compact bbg-row--margin-bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a0c4db5331a1'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    class=\"bbg-column\"\n    style=\"\"\n    >\n    <div class=\"bbg-interstitial\" aria-label=\"interstitial\" tabindex=\"0\">\n\t<style>\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\tbackground: url(https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Interstitial_bg.png);\n\t\t\t\tbackground-repeat: no-repeat;\n\t\t\t\tbackground-position: center center;\n\t\t\t\tbackground-size: cover;\n\t\t\tpadding: 104px;\n\t\t\t\n\t\t\t\n\t\t}\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content, .bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content p{\n\t\t\tcolor:white;\n\t\t}\n\t\t@media (max-width: 768px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 32px;\n\t\t\t}\n\t\t}\n\t\t@media (max-width: 480px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 18px;\n\t\t\t}\n\t\t}\n\t<\/style>\n\t<div class=\"wpb_content_element bbg-card  bbg-card-dark bbg-card_hasCta has_interstitial\" id=\"card_1\" data-card_type=\"no_image\">\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n      \n                      <h3 class=\"bbg-card__title\">Discover more with Bloomberg newsletters<\/h3>\n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><p>Subscribe now<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_708780863582952650\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/insights\/newsletter\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c4db537764'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2><span class=\"TextRun SCXW229815754 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW229815754 BCX0\">Regulatory fragmentation set to pose significant operational challenges<\/span><\/span><span class=\"EOP CommentStart SCXW229815754 BCX0\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/h2>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span class=\"TextRun SCXW25065560 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW25065560 BCX0\"><a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/regulation\/regulatory-outlook-what-deregulation-and-simplification-mean-for-regulators-in-the-uk-eu-and-middle-east\" target=\"_blank\" rel=\"noopener\"><span class=\"TextRun Underlined SCXW48758943 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW48758943 BCX0\" data-ccp-charstyle=\"Hyperlink\">Regulatory <\/span><\/span><span class=\"FieldRange SCXW48758943 BCX0\"><span class=\"TextRun Underlined SCXW48758943 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun CommentStart CommentHighlightPipeRest CommentHighlightRest SCXW48758943 BCX0\" data-ccp-charstyle=\"Hyperlink\">fragmentation<\/span><\/span><\/span><span class=\"TextRun Underlined SCXW48758943 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun CommentHighlightPipeRest SCXW48758943 BCX0\" data-ccp-charstyle=\"Hyperlink\"> across <\/span><span class=\"NormalTextRun SCXW48758943 BCX0\" data-ccp-charstyle=\"Hyperlink\">jurisdictions<\/span><\/span><\/a> is quickly <\/span><span class=\"NormalTextRun SCXW25065560 BCX0\">emerging<\/span><span class=\"NormalTextRun SCXW25065560 BCX0\"> as a major concern for firms. While certain requirements might be simplified &#8211; or even jettisoned &#8211; in one <\/span><span class=\"NormalTextRun SCXW25065560 BCX0\">jurisdiction<\/span><span class=\"NormalTextRun SCXW25065560 BCX0\">, there is no guarantee that other <\/span><span class=\"NormalTextRun SCXW25065560 BCX0\">jurisdictions<\/span><span class=\"NormalTextRun SCXW25065560 BCX0\"> will follow suit. Importantly, the creation of the post-crisis regulatory framework relied heavily on international co-operation and shared political momentum. However, the emerging deregulatory agenda today is driven much more by local imperatives, domestic politics, and different market practices. This divergence is already becoming <\/span><span class=\"NormalTextRun SCXW25065560 BCX0\">apparent<\/span><span class=\"NormalTextRun SCXW25065560 BCX0\"> across several key regulatory themes such as ESG and sustainability reporting, bank capital requirements, digital assets, artificial intelligence, public market capital formation, and access to private markets, among others<\/span><span class=\"NormalTextRun SCXW25065560 BCX0\">.\u00a0\u00a0<\/span><\/span><span class=\"EOP SCXW25065560 BCX0\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n\n<\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c4db53941e'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-6\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span class=\"TextRun SCXW73863377 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW73863377 BCX0\">Navigating this patchwork of global regulations presents significant operational challenges for chief compliance officers (CCOs) and compliance professionals within the financial services sector. As <\/span><span class=\"NormalTextRun SCXW73863377 BCX0\">jurisdictions<\/span><span class=\"NormalTextRun SCXW73863377 BCX0\"> evolve their own regulatory requirements<\/span><span class=\"NormalTextRun SCXW73863377 BCX0\">, <\/span><span class=\"NormalTextRun SCXW73863377 BCX0\">on everything from trade communications to financial disclosures<\/span><span class=\"NormalTextRun SCXW73863377 BCX0\">, <\/span><span class=\"NormalTextRun SCXW73863377 BCX0\">the question of what is compliant, or even legal, in one market versus another is becoming increasingly salient<\/span><span class=\"NormalTextRun SCXW73863377 BCX0\">.\u00a0\u00a0<\/span><\/span><span class=\"EOP SCXW73863377 BCX0\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun SCXW220572348 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW220572348 BCX0\">This level of regulatory complexity not only drives up the cost and complexity of day-to-day compliance, <\/span><span class=\"NormalTextRun SCXW220572348 BCX0\">but it<\/span><span class=\"NormalTextRun SCXW220572348 BCX0\"> also underscores the risk of non-compliance, reputational damage, and regulatory scrutiny<\/span><span class=\"NormalTextRun SCXW220572348 BCX0\">.\u00a0\u00a0<\/span><\/span><span class=\"EOP SCXW220572348 BCX0\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-4\"\n    style=\"\"\n    >\n    <div class=\"wpb_content_element bbg-card  bbg-card-custom bbg-card_hasCta bbg-card_hasLinkWrap bbg-card-text-white\" id=\"card_2\" data-card_type=\"image\">\n      <style>#card_2 .bbg-card__innerwrapper {background-image: url(https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/promo-card-bg.png);background-repeat: no-repeat;background-size: cover;background-position-x: center; background-position-y: center;}#card_2 .bbg-card__innerwrapper {\n\tborder: 1px solid rgba(0,0,0,0.01) !important;\n\t}#card_2:hover .bbg-card__innerwrapper {\n\tborder: 1px solid rgba(0,0,0,0.01) !important;\n\t}#card_2 .bbg-card__innerwrapper {\n\tpadding: calc(var(--brand-large-padding, 40px) - 1px) !important;\n\t}#card_2 .bbg-card__innerwrapper .bbg-card__title {\n\tcolor: #ffffff !important;\n\t}#card_2 .bbg-card__innerwrapper .bbg-card__content,#card_2 .bbg-card__innerwrapper .bbg-card__content p  {\n\tcolor: #ffffff !important;\n\t}#card_2.bbg-card_hasImage .bbg-card__innerwrapper{padding-top: calc(var(--brand-default-padding, 16px) - 1px);padding-left: calc(var(--brand-default-padding, 16px) - 1px);padding-right: calc(var(--brand-default-padding, 16px) - 1px);}#card_2 .bbg-cta .bbg-cta-link.link-holder a {\n\tcolor: #ffffff !important;\n\t}#card_2 .bbg-cta .bbg-cta-link.link-holder a::after {\n\tbackground: #ffffff !important;\n\t}#card_2 .bbg-cta .bbg-cta-link.link-holder .bbg-cta-button {\ncolor: #ffffff !important;\n\n\n\n\n  }\n\n<\/style>\n  \n      <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/webinar\/presenting-bloombergs-inaugural-buyside-compliance-survey\/\" target=\"\" rel=\"\" class=\"bbg-card-link_wrap\">\n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n              <div class=\"bbg-card__eyebrow\" style=\"color: #ffffff\">WEBINAR<\/div>\n      \n                      <h3 class=\"bbg-card__title\">Bloomberg and Coalition Greenwich Launch Groundbreaking Buy Side Compliance Study<\/h3>\n      \n          <\/div>\n\n          \n<div\n  id=\"cta_4825835156633254343\"\n  class=\"wpb_content_element bbg-cta no-icon\">\n  <style>\n    \n    #cta_4825835156633254343.bbg-cta .bbg-cta-link.link-holder .bbg-cta-link {\n\tcolor: #ffffff !important;\n}\n\n#cta_4825835156633254343.bbg-cta .bbg-cta-button__icon-right::after {\n\tcolor: #ffffff !important;\n}\n\n#cta_4825835156633254343.bbg-cta .bbg-cta-button__icon-left::before {\n\tcolor: #ffffff !important;\n}\n\n#cta_4825835156633254343.bbg-cta .bbg-cta-link.link-holder .bbg-cta-link:after {\n\tbackground-color: #ffffff !important;\n}\n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p left\">\n      <span         class=\"bbg-cta-link link\"\n        \n        >\n                      Compliance\n                <\/span>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n      <\/a>\n  <\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c4db53c661'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span class=\"TextRun SCXW158250247 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW158250247 BCX0\">This level of regulatory complexity not only drives up the cost and complexity of day-to-day compliance, <\/span><span class=\"NormalTextRun SCXW158250247 BCX0\">but it<\/span><span class=\"NormalTextRun SCXW158250247 BCX0\"> also underscores the risk of non-compliance, reputational damage, and regulatory scrutiny<\/span><span class=\"NormalTextRun SCXW158250247 BCX0\">.\u00a0\u00a0<\/span><\/span><span class=\"EOP SCXW158250247 BCX0\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2><span class=\"TextRun SCXW177798420 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW177798420 BCX0\">Heightened compliance <\/span><span class=\"NormalTextRun SCXW177798420 BCX0\">as<\/span><span class=\"NormalTextRun SCXW177798420 BCX0\"> the prudent choice<\/span><\/span><span class=\"EOP SCXW177798420 BCX0\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/h2>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span data-contrast=\"auto\">At a time of intensifying regulatory and policy change, many businesses are dedicating more, not less, resources to monitoring, reporting, and ensuring that they meet and understand the demands associated with operating in each jurisdiction.<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For the asset management sector, regulatory change remains top of mind particularly given the central role that reputational risk and investor trust play in its business model. In an industry where credibility and transparency are critical to client retention and capital flows, even minor compliance missteps can have outsized consequences, despite enforcement activity typically being more heavily concentrated on the sell-side.<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The findings from the discussion support the results of <\/span><a href=\"https:\/\/url.avanan.click\/v2\/___https:\/\/assets.bbhub.io\/professional\/sites\/41\/Global-Buy-Side-Compliance-Surveillance-24-2034.pdf___.YXAzOnZlc3RlZDphOmc6NjBiNmFjMTljMzQ1NmJiM2Y1NjhiOGM4OTY3NGI5ZWY6NjozNzhkOjcwODU2NzFjN2E3OTgxODI0NDM4Y2QyOWJiYzEyZTIyOWIzYjg2YmNlZTQ3NjNhNDlkODJlNGNjYjJjMTI4NWU6cDpUOk4\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Coalition Greenwich\u2019s 2024 Global Buy-Side Compliance and Surveillance Study<\/span><\/a><span data-contrast=\"auto\">, which was conducted in partnership with Bloomberg, and point to the longevity of many of these issues.<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The survey found that:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">There is a clear priority across titles and functions:<\/span><i><span data-contrast=\"auto\"> Strong compliance as a competitive advantage.<\/span><\/i><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Compliance officers are cautiously optimistic about their future budgets to help achieve this. Spending is expected to increase in this area globally, regardless of geopolitical shifts, with funds allocated to prevent regulatory fines and invest in technology and front-office tools.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">It\u2019s going to be all about the data. The growth of data in the last few years, due to the expansion of data sources, is forcing compliance professionals to rethink their strategies. Consolidating existing surveillance systems and vendors and integrating capabilities is an important near-term goal, and achievable for buy-side firms.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Innovation in compliance technology, fueled by advances in AI and automation, is helping firms elevate their compliance capabilities and respond more effectively to regulatory demands.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">In a world of accelerating regulatory change and rising expectations, global firms must remain agile in order to adapt and comply at pace.\u00a0<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">As individual regional markets look to reduce the regulatory burden, the demand for skilled compliance professionals who can leverage compliance technologies is set to rise. As firms navigate an increasingly fragmented landscape, this combination of technological capability and human judgment will be more critical than ever.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><em><span class=\"TrackChangeTextInsertion TrackedChange SCXW18862573 BCX0\"><span class=\"TrackedChange SCXW18862573 BCX0\"><span class=\"TextRun SCXW18862573 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW18862573 BCX0\">Looking for solutions to <\/span><\/span><\/span><\/span><span class=\"TrackChangeTextInsertion TrackedChange SCXW18862573 BCX0\"><span class=\"TrackedChange SCXW18862573 BCX0\"><span class=\"TextRun SCXW18862573 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW18862573 BCX0\">elevate your business controls, manage <\/span><\/span><\/span><\/span><span class=\"TrackChangeTextInsertion TrackedChange SCXW18862573 BCX0\"><span class=\"TrackedChange SCXW18862573 BCX0\"><span class=\"TextRun SCXW18862573 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW18862573 BCX0\">your<\/span><\/span><\/span><\/span><span class=\"TrackChangeTextInsertion TrackedChange SCXW18862573 BCX0\"><span class=\"TrackedChange SCXW18862573 BCX0\"><span class=\"TextRun SCXW18862573 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW18862573 BCX0\"> conduct risk and meet regulatory obligations<\/span><\/span><\/span><\/span><span class=\"TrackChangeTextInsertion TrackedChange SCXW18862573 BCX0\"><span class=\"TrackedChange SCXW18862573 BCX0\"><span class=\"TextRun SCXW18862573 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW18862573 BCX0\">? Learn more about Bloomberg Vault <\/span><\/span><\/span><\/span><a href=\"https:\/\/www.bloomberg.com\/professional\/products\/compliance\/vault\/\"><span class=\"FieldRange SCXW18862573 BCX0\"><span class=\"TrackChangeTextInsertion TrackedChange SCXW18862573 BCX0\"><span class=\"TrackedChange SCXW18862573 BCX0\"><span class=\"TextRun Underlined SCXW18862573 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW18862573 BCX0\" data-ccp-charstyle=\"Hyperlink\">here.<\/span><\/span><\/span><\/span><\/span><span class=\"EOP TrackedChange SCXW18862573 BCX0\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/a>\u00a0\u00a0<\/em><\/p>\n\n<\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <style>section[data-anchor=row-6a0c4db53ecce]::before {\n\t\t\t\tbackground-color: #f4f4f9;\n\t\t\t}<\/style>\n    <section class=\"bbg-row bg--custom-color  bg--f4f4f9 text--black bbg-row--full-bg-bleed\" data-anchor='row-6a0c4db53ecce'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h3>Related Content<\/h3>\n\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-4 bbg-column--halign-right\"\n    style=\"\"\n    >\n    \n<div\n  id=\"cta_2127394704542062542\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/insights\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"View all\"\n        >\n                      View all\n                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