Bloomberg Law
May 11, 2020, 9:31 AM

ANALYSIS: Compliance Programs Are More Crucial Than Ever

Patty Tehrani
Patty Tehrani
Legal Analyst

Covid-19 has rocked the public and private sectors, sparing no country, market, business, or group. Another casualty may be compliance programs—unless organizations figure out a way to reorient them in light of the challenges highlighted below.

Staffing Shortages. Along with turbulent markets and a public health crisis, organizations also worry about having enough compliance staff. The shortages may get worse as compliance personnel get sick themselves or leave their posts to deal with sick family members. These staffing challenges may impede core compliance responsibilities, such as compliance monitoring, reviews, assessments, reporting, and training.

Relaxation of Controls. The unknowns brought ...

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