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Compliance costs expected to rise in next two years: Survey

April 10, 2017 | Print this page
According to an Accenture poll, 89% of compliance executives with global financial services firms expect their companies to foot a much steeper bill to address compliance issues within the next couple of years. Specifically, 48% of the compliance executives surveyed who anticipate a spending hike say the costs could increase by about 10% to 20%, while 18% say the expenses could mount by more than 20%, all within the next two years. Risks associated with fraud and financial crime, cyberattacks and everyday business were cited as the most challenging and most expensive issues compliance must tackle.
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