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1994•Journal of Financial Regulation and ComplianceRequires access

SETTING THE RIGHT COMPLIANCE CULTURE

PETER MILROY MA FCA

Open publisher page 3 citations

Abstract

The paper examines the basic approaches to compliance in UK investment businesses and how they affect the role of the compliance officer. Many organisations seek to impose compliance disciplines through a strong, central compliance department. This approach may have been successful in the past. However, in the long run, a firm will not be able to follow the regulations effectively and efficiently until compliance becomes part of its culture. Many organisations have not yet recognised the need to change their approach.

About this research paper

What this paper is about

The paper examines the basic approaches to compliance in UK investment businesses and how they affect the role of the compliance officer. Many organisations seek to impose compliance disciplines through a strong, central compliance department. This approach may have been successful in the past. However, in the long run, a firm will not be able to follow the regulations effectively and efficiently until compliance becomes part of its culture. Many organisations have not yet recognised the need to change their approach.

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OpenAlex reports 3 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

The paper examines the basic approaches to compliance in UK investment businesses and how they affect the role of the compliance officer. Many organisations seek to impose compliance disciplines through a strong, central compliance department. This approach may have been successful in the past. However, in the long run, a firm will not be able to follow the regulations effectively and efficiently until compliance becomes part of its culture. Many organisations have not yet recognised the need to change their approach.

Key concepts: Compliance (psychology), Officer, Business, Investment (military), Accounting, Organizational culture, Affect (linguistics), Public relations

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