Compliance & Regulation

Global Survey Reveals Financial Executives Bracing for Higher Regulatory Fines Amid Growing Compliance Challenges

A recent Ocorian survey, involving 301 top executives, including 50 from family offices worldwide, revealed an expectation of rising regulatory fines, with 80% foreseeing an increase in both frequency and amount, and 16% expecting significant hikes.

A significant 92% of these organizations are proactively planning for potential fine increases, amid a consensus of 88% that their markets are excessively regulated, yet 84% predict further regulatory intensification over the next five years.

This sentiment is mirrored in the challenges of adhering to regulations across various jurisdictions, with a majority finding it difficult and anticipating even greater difficulties ahead.

The survey targeted individuals from entities with substantial annual turnovers and was aimed at professionals across a broad geographical range, highlighting the increasing demands of the regulatory landscape, particularly in areas like anti-money laundering.