I was visiting with some of my compliance colleagues recently and came up with an interesting Wish List for 2012:
- Additional resources.
- Clearer regulations :)
- Increased stakeholder support for compliance activities.
- More predictable and quicker voluntary disclosure processes.
- A better way to keep track of regulatory developments and new business arrangements.
- Acknowledgement by regulators and enforcers that mistakes happen and not everything is fraud.
- More compliance involvement in proposed transactions and arrangements – before they get done.
- The ability to learn about potential compliance concerns before they turn into more significant problems.
What would you add to the list?
Frank Sheeder, chair of DLA Piper's