Strong compliance functions support trusted corporate finance markets

AI summary of the source article

A review of corporate finance firms assessed their compliance functions and ability to challenge business practices effectively. Out of 411 firms surveyed, 382 responded, with most reporting they execute key compliance tasks while highlighting areas needing improvement. The findings emphasize that compliance must be embedded by senior managers as a culture rather than treated as a checklist.

Why it matters

Client trust, integrity, and effective conflict of interest management within corporate finance firms are vital to underpinning activity across wholesale financial markets.

Key facts

• A survey was sent to 411 corporate finance firms regarding their compliance resources and activities, receiving 382 responses.
• While most surveyed firms carry out key compliance activities, the findings indicate that more needs to be done across the sector.
• The assessment emphasized that effective compliance requires an embedded culture led by senior managers rather than a single blueprint or checklist.