The Value Of Outsourcing Regulatory Reporting

The ever-adaptable Channel Islands are beginning to bring their financial services expertise to bear on one of the industry's real growth areas: regulatory and compliance services. Andrew Niles of Intertrust takes a look at a regulation-led business environment and explains how the islands are looking to capitalise on the opportunity presented by a more transparent financial ecosystem.

Over the past 10 years the role of compliance officer has changed significantly within organisations worldwide. Once seen as enforcers responsible for ensuring that processes, pieces of work and systems adhered to national standards and internal rules; the compliance officer acted as the gatekeeper who controlled what went out of the door.