It is no longer acceptable for firms and their leaders to remedy misconduct after the fact. Instead, they are increasingly expected to prevent misdeeds or mishaps from occurring. This push comes both from aggrieved shareholders, tired of bearing the attendant costs, and in the form of regulatory and legislative requirements that seek to establish a ‘duty’ to prevent stakeholder harm.
Observations
Nov 27, 2024In a recent article, Deloitte examines how the new "failure to prevent fraud" (FTP) offense in the UK may require a new approach to risk management.
Compendium
Jun 07, 2023The “Compendium” is broken out by global regions and specific national jurisdictions in each. Where practicable, we have broken the information out further to highlight specific regulatory or supervisory agencies, standard-setting bodies, and other industry organizations of relevance.
