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“Putting All of That Talent to Work Smartly,” Compliance Week

May 12, 2015

On March 24, 2015, Compliance Week published an article about increasing risk and compliance staff in businesses, and Dwight Smith provided his guidance on the issue. Amid a tough climate of regulatory enforcement and an explosion of new rules after the financial crisis, many large companies – and particularly financial institutions – have beefed up their risk and compliance departments. “It is difficult for a CCO who now must oversee hundreds of extra bodies and ensure they are all dong the right things,” according to Smith. “There are only so many skilled compliance people out there, so once you bring in hundreds of people you are certainly bringing in some who have the right attitude, but need the right training.” Subscribers may access the full article here.