Building An Effective Compliance Culture in Financial Institutions
Compliance culture is an organization’s set of policies, practices, and behaviors that allows it to ‘play safe’ in its operation. Compliance culture in the financial service industry is how an organization implements and executes its compliance...
In-House vs. Outsourced Internal Audit: Which Is Better for Financial Institutions?
Internal audit departments have been a core component of financial institutions for decades. However, with the rise of regulatory scrutiny and the complex risk landscape of financial institutions, having an in-house team is not always feasible. In today’s...