At Large: For Citibank, How Many Compliance Officers Are Enough?

6
Richard Cassin notes the incongruity between Citibank’s disclosure that 15 percent of its employees are now categorized as “risk, regulatory, and compliance staff” (compared to 4.3 percent a decade ago), and its recent fine of $400 million for multiple risk management and compliance-related deficiencies. “Without a consistent enterprise-wide approach to key risk and compliance functions, […]
Must be a Paid Member or a Free Trial Member to Access Content. Members log in here.