Compliance Week 2015

Celebrating 10 years

May 18-20 2015 Mayflower hotel Washington DC

Harnessing Big data to the risk challenge

Posted by Nicole Sandford and Donna Epps on August 17, 2015.

For the third year in a row, Deloitte & Touche LLP and Compliance Week collaborated to produce the 2015 Compliance Trends Report, an annual benchmarking survey report that answers, “How do compliance functions efficiently and effectively manage the risks associated with the increasing demands of numerous stakeholders and position themselves for success in the future?”

We had the pleasure of presenting the survey’s findings during the annual Compliance Week conference in Washington D.C. this past May. The findings, summarized in our presentation below, shows some clear trends:

  • A more empowered Chief Compliance Officer (CCO) with a higher position in the organization is becoming the norm
  • Challenges related to subsidiary compliance organizations appear to persist
  • Continued troubles with the management of third-party risks
  • Technology solutions and support are falling short of compliance needs

Surveyed organizations are continuing to move in the right direction on compliance. However, there are still some important performance gaps for the compliance function to address. The 2015 Compliance Trends Report is a great starting point for companies to learn more about these performance gaps and current compliance trends.

Nicole Sandford
Enterprise Compliance Services

Donna Epps
Forensics & Investigations

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