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By Nicole SCHADECK, Director Regulatory Compliance, PwC Luxembourg
The increasingly broad complex and ever-evolving regulatory environment highlights the need for automation and digital innovation of the Compliance functions. Compliance Monitoring Systems ("CMS“) are effective and efficient, embrace accountability and reflect the regulator’s expectations.
Moreover, the compliance risk standards have and will continue to dramatically change, further enhancing the need for business transformation initiatives.
That’s why nowadays an effective and efficient CMS can no longer be seen as a nice to have, but as an accountability tool to focus on continuous improvement of the designing of the business processes in relation to the...
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