Whether ‘tis nobler in the mind to suffer the slings and arrows of unpredictable regulators or to take arms against a sea of troubles and by inadvertent noncompliance be ended by them? To interpret: to try; to strive: perchance to comply.
Do you, like me, ever find yourself pondering regulatory text and flashing back to junior year literature class and the dreaded Shakespearean unit? Oh, the hours spent studying and analyzing and pouring over the text, all to write a simple one page essay on its meaning. Who knew the skills developed in that lit class would transfer so well to our success as compliance professionals?
As financial institutions continue to make it easier for consumers to move money with the click of a button, whether through mobile banking, electronic bill payment services, person to person (P2P) payments, or other methods, it’s increasingly important for compliance professionals to understand the regulatory expectations associated with each type of service offered.
Length: 1 pages (PDF 34 kB)