Banks move towards active compliance
Sell-side players aim to weed out bad actors before wrongdoing
As banks re-evaluate the meaning of counterparty and compliance risk, they are striving to spot wrongdoing at the earliest stage rather than monitoring activity at the end of the process with little analysis.
Years ago, banks took a passive approach to compliance, somewhat relegating the role of internal policing to a back-office function with little bite. Firms would capture and archive chat, along with other information, and when a breach occurred they would respond by revisiting this data to
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