TUESDAY, 27 OCT 2020

 

CONNECT

Facebook Linked In Twitter
GAP Vassilopoulos
GloriaJeans_266x90px
IMH LTD

Petrides: No Lockdown Forseen in 2021 State Budget

Nicos Anastasiades: Α Cyprus Solution Based On UN Resolutions Is Our Unwavering Goal

IMH LTD

SERVICES

brought to you by Barclays

Marios Skandalis: The Upcoming Decade of Compliance Revolution

Marios Skandalis: The Upcoming Decade of Compliance Revolution

Marios Skandalis, Director of the Compliance Department of the Bank of Cyprus, speaking before the 6th International Compliance Forum, stated that compliance has played an important role in recent years in the global transformation of regulated entities.

 

“Today, compliance is by definition the most complex profession not only in terms of the quantity and complication of the various regulatory frameworks that need to effectively be addressed, but of the complexity of competencies, attributes and virtues the modern compliance officer needs to possess,” he said.

 

He also stressed that a successful compliance function needs to effectively address a number of challenges that lie ahead. “Unless modern compliance officers engage in a corporate revolution in their work environments, there is no guarantee of a sustainably robust compliance function.”

 

Ensuring a holistic digitization of operations, setting privacy as a key prerequisite of trust and ensuring sustainability were some of the key points he touched upon on what will drive the nature, direction and intensity of the compliance profession in the years to come.

 

In his closing statements, Skandalis noted that compliance has evolved into a strategic function for all corporations and that this will be more evident in the near future.

 

MORE ON SERVICES

The 6th International Funds Summit

Following the great success of the previous years, the International Funds Summit will ...

Vonpende Holdings P.L.C: Proud Sponsor Of The 2nd Photography Competition Organised By Kinanis LLC

American documentary photographer Dorothea Lange, said that “Photography takes an ...

Global Investment Outlook Conference

IMH is organising the Global Investment Outlook Conference on Monday, 30 November 2020 at ...

FROM AROUND GOLDNEWS

   

The ‘New Normal’ – What Is It And What Does It Mean For Pensions And Provident Funds?

IMH and Aon are organising the 11th Pension and Provident Funds Forum on Wednesday 25, November 2020 at the Hilton Nicosia (formerly Hilton Park) in Nicosia, ...
   

BidX1 To Offer More Than 60 Assets At 12th November Digital Sale

BidX1, the digital property investment platform, has announced details of its upcoming digital sale in Cyprus, which will take place on 12th November 2020 via ...
   

Webarts Presents The 7th Advertising, Marketing and Communication Conference

Webarts presents the "7th Advertising, Marketing and Communication Conference" on Wednesday, 18 November 2020 at the Hilton Nicosia (formerly Hilton ...
   

KPMG Is The Main Sponsor Of The 4th Project Management Conference

KPMG is a global network of independent member firms offering audit, tax and advisory services. On behalf of KPMG Sina Zavertha, a Business Consultant and ...
   

BP Returns To Profit But Pandemic Weighs On Demand

BP returned to profit in the third quarter, but the global coronavirus crisis continued to hit demand for oil. BP said underlying replacement cost profit, its ...
   

NewCytech Business Solutions Sponsors 4th Project Management Conference

In recognition of the valuable contribution of PMI Cyprus Chapter to the Project Management community and its substantial professional support to its members ...
   

Economic Sentiment Drops In October, UCY's Economics Research Centre Survey Shows

Economic sentiment deteriorated in October, a monthly indicator by the University of Cyprus` (UCY) Economic Research Centre (ERC) shows. According to ...
   

Public Expenditure For Education Rose In 2018 In Absolute Numbers

Public expenditure on education rose to 1,247.8 million euros in 2018, according to preliminary estimations of the Statistical Service, while as a GDP ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Inbusiness_Awards_12/10-30/12
Enter_Cy_10/20-4/23

IMH LTD