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Webcast

Ignorance isn’t Bliss: Why training within the firm is the key to managing risk

Where the Regulators are Focusing

The latest downturn of the credit crisis has resulted in even more regulatory scrutiny for financial institutions. Regulators are taking a significant interest in firms’ policies and procedures and training and education practices as evidenced in the recent, joint review by FINRA and the Market Surveillance Division of the NYSE of firms’ compliance with NYSE Rule 435(5) and NASD Rule 5120(e).

Varying market conditions, employee turnover, enforcement activities and technology are all drivers for regulatory change. Compliance is about responding to and managing these changes. While updating policies and procedures is part of the process, it’s not enough. Employees need to comprehend the changes and understand their impact.

Why Ignorance isn’t Bliss

To help mitigate risk, the requirement for employees’ understanding and acceptance of compliance policies, with auditable reporting, has led to the need for more frequent training. The importance of employee education is two-fold: evolving regulations call for more expedient ways to not only notify employees of regulatory changes, but to also ensure that the users truly understand those changes.

Join us for the complimentary webcast, Ignorance isn’t Bliss: Why training within the firm is key to managing risk and learn:

  • About the current market environment and the regulatory drivers for training
  • How to successfully educate employees and achieve optimal performance by ensuring they are getting the appropriate training relevant to their position
  • How to show the regulators your employees are receiving and understanding regulatory and policy changes
  • About the exciting updates to Complinet’s e-learning program that can help your firm mitigate risk and effectively meet regulatory requirements
Click here to register