KPMG 2023 CCO Survey: Banking & Capital Markets
The CCO survey reveals how Banking & Capital Markets CCOs are adapting to new regulatory requirements, progressing their ESG initiatives, and more.
Anticipating more scrutiny
The KPMG 2023 Chief Ethics & Compliance Officer (CCO) Survey* found that CCOs in the Banking & Capital Markets (B&CM) industries are focused on new regulatory requirements, progressing their ESG initiatives, and expanding their use of technology. However, they face challenges such as compliance pressure from their boards, new regulatory requirements, and the need to attract capable talent to their companies.
Dive into our thinking:
Discover key drivers, and three actions CCOs can take related to the key findings.
Download PDFBanking & Capital Markets face pressure to comply with new regulations and expand ESG initiatives. To stay ahead, they must enhance existing applications, implement advanced technology, and promote a data-driven culture that supports compliance as everyone's responsibility.
Peter Torrente
National Sector Leader - Banking & Capital Markets, Partner Audit
Challenges on the horizon
New regulatory requirements top the list of compliance challenges over the next two years for CCOs across B&CM. Today, recent supervisory pressures, consumer protection agendas, and little grace on compliance deadlines may have CCOs even more concerned with new regulatory requirements.
Top challenges in Banking & Capital Markets:
Banking
Capital Markets
“Compliance professionals are being pressed to innovate, anticipate, and outperform, all while stakeholder expectations increase faster than budgets. A robust enablement strategy with broad buy-in will be imperative to automate key compliance activities while optimizing enterprise data insights.”
- Todd Semanco, FS Regulatory & Compliance Risk – Partner, Advisory
*The KPMG 2023 CCO Survey is conducted bi-yearly to explore the priorities and two-year outlook of 240 CCOs from some of the largest ($5B+ in revenue) organizations in the world. Their responses offer valuable insights into key areas of ethics and compliance across seven industries.
2023 KPMG Chief Ethics & Compliance Officer Survey
Anticipating more scrutiny
Explore more
Industry
Banking and capital markets
Delivering financial strategies that work and results that matter.
Insight
Automating Anti-Money Laundering (AML)
Three fundamental reasons to invest in financial crime automation strategies
Meet our team
