When the regulator knocks, will you be ready? - Nabarro
When the regulator knocks, will you be ready? - Nabarro
When the regulator knocks, will you be ready? - Nabarro
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4<br />
Have <strong>you</strong> undertaken training in <strong>the</strong><br />
following areas<br />
70%<br />
60%<br />
50%<br />
40%<br />
30%<br />
20%<br />
10%<br />
10% 11%11% 68%<br />
10% 10% 10%<br />
70%<br />
69%<br />
32% 31%<br />
22%<br />
11% 15%<br />
9% 11%<br />
In <strong>the</strong> last 6 months<br />
In <strong>the</strong> last year<br />
More than a year ago<br />
Never<br />
43%<br />
13%<br />
10%<br />
34%<br />
60%<br />
18%<br />
10% 12%<br />
Competition<br />
Diversity<br />
Environment<br />
Health & Safety<br />
Money laundering<br />
Pensions<br />
Aside from <strong>the</strong> areas of health and safety and money laundering, in all o<strong>the</strong>r<br />
cases over 60% of our respondents had never trained <strong>the</strong>ir staff about<br />
compliance with <strong>regulator</strong>y responsibilities. This is despite potentially ruinous<br />
penalties and reputational risks posed by failure to comply with <strong>the</strong> watchdogs.<br />
To illustrate <strong>the</strong> penalties of non-compliance - and <strong>the</strong>refore <strong>the</strong> importance<br />
of getting it right - on <strong>the</strong> opposite page are a few examples of recent<br />
enforcement actions.