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Executive summary
This provides a brief overview of the most salient points when it comes to simplifying compliance. It is drawn from 2 ADAPT reports, published contemporaneously. While the aim is to simplify and codify compliance with the 8 regulatory imperatives for 2024-25, this effort can also pay dividends as digital regulations evolve over the longer term.
Compliance with these imperatives is, of course, not optional. Yet there’s more to do if we’re to remove manual effort and integrate risk reporting more effectively across our organisations and with our strategic partners. Even so, ensuring governance and compliance has fallen as a CIO priority over time and is now their number 12 priority.
The value available is multi-fold. In the near-term it is a margin preservation and time savings initiative. Over the longer term, it will allow you to maintain the license to operate despite an evolving regulatory landscape. This supports costs optimisation, operational effectiveness and a deeper ability to report on organisational obligations.
Key takeaways and actions
