Audio Interview

The chief compliance officer: implementing and incentivizing compliance

Published on June 6, 2022   27 min

Other Talks in the Series: Interviews with business leaders and scholars

Interviewer: Today I am interviewing Amy Matsuo, ESG and Leader of Regulatory Insights at KPMG. Ms Matuso wrote in her November 2021 Regulatory Alert Bulletin, "DOJ shifts policy, encourages companies to focus on compliance investment." I want to delve into what this means in practice for what companies in different sectors of the financial industry and many different sizes should do. Ms. Matsuo, first, thank you for sparing the time for this interview. You've written that changes to guidance at the DOJ signal an increased scrutiny on individual and corporate accountability. What should companies do? Are there any changes in fundamental principles and policies that you would recommend? For example, with respect to the structure of implementing compliance, selection, remuneration, and development of compliance personnel and reporting hierarchy and the resources allocated to compliance. Ms. Matsuo: Great. Well, thank you so much for having me and on a topic for which I'm clearly quite passionate about. Let me start with your first question on the structure of implementing compliance, because it is still foundational to an effective compliance program. There's no one right model necessarily for the structure of compliance. We see in financial services, certainly globally,

The chief compliance officer: implementing and incentivizing compliance

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