Exploring the Future of Off-Channel Communications in Financial Services

Have off-channel communications enforcement actions by regulatory bodies such as the SEC and CFTC had success in altering firm behaviors towards the use of unapproved communications tools? A noted decrease in average settlement sizes indicates growing awareness and adaptation among firms.

In response to ongoing enforcement, many firms have updated policies, procedures, and training programs, as well as evaluating new and existing communication tools for compliance risks. As we look ahead, the challenge of complying with regulatory requirements in communications is expected to persist – and evolve. Get the brief today to refine your compliance strategy.