How compliance teams can face the 'surveillance conundrum'

Keeping up with changing regulation

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Red Deer's Alistair Downes
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Red Deer's Alistair Downes

Every compliance officer lives with the knowledge that something can always get through the net.

Despite advancing techniques used to capture, process and analyse trading, no surveillance process will ever be perfect, so the challenge is to build a sound and demonstrable process that can withstand scrutiny from investors, colleagues and regulators alike. As scrutiny from investors and regulators increases, compliance teams are left pondering "how do we know our surveillance process is good enough?" Then, as regulation and the firm's trading change over time, the question becomes "how do we keep our surveillance processes good enough?" Accepting the axiom that no process is per...

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