Design and Structure of the Book

This book seeks to address three principal objectives:

  • To serve as a practitioner's handbook by detailing the process, content, and operations of compliance while acknowledging real-life issues
  • To transcend the rhetoric and move compliance into a business model and business operations arena by bringing to the fore the role and relevance of positive and active compliance management in value creation for organizations
  • To contribute to the growth of the narrative of this young, evolving discipline and serve as a reference literature on compliance and its risk management in financial services

The book is divided into five parts: To set the real-world context, every part is prefixed with Practitioner's Notes, thoughts shared by real-world practitioners from the financial services on the themes of compliance. Each of them has experienced compliance from different perspectives. Three of them have been senior regulators of their respective countries in addition to other roles, and two of them are senior bankers. They bring their experience to bear through their notes.

The first part is an introduction to the compliance universe. This section seeks to set the context of compliance and its risk management in banks and financial services. It provides a bird's-eye view of the landscape. It traces the history through some significant events/accords that have played a pivotal role in the evolution of formal compliance function as we see it today. It looks ...

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