{"id":1750,"date":"2020-10-29T05:12:18","date_gmt":"2020-10-29T05:12:18","guid":{"rendered":"https:\/\/insight.thomsonreuters.com.au\/business\/?post_type=insight_resource&#038;p=1750"},"modified":"2021-02-10T11:17:42","modified_gmt":"2021-02-10T01:17:42","slug":"cost-of-compliance-report-2020-covid-19-update","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update","title":{"rendered":"Cost of Compliance Report 2020: COVID-19 Update"},"content":{"rendered":"\n<p><strong>By Susannah Hammond and Mike Cowan, Regulatory Intelligence, Thomson Reuters<\/strong><\/p>\n\n\n\n<p>In addition to this year\u2019s 11th Thomson Reuters Regulatory Intelligence <strong><a href=\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020\">Cost of Compliance Report<\/a>,<\/strong> that closed before the widespread impact of the COVID-19 pandemic had become apparent, we have undertaken a further survey and report, to understand how financial services firms are responding to COVID-19. <\/p>\n\n\n\n<p>The results of this interim report, <strong>Cost of Compliance Report 2020: COVID-19 Update, <\/strong>are considered alongside those of the 11th Cost of Compliance report itself.<br><br><strong>Together both reports provide a perspective on the following key topics:<\/strong><br>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Challenges in the coming year for boards and compliance functions&nbsp;<\/li><li>Culture and conduct risk concerns&nbsp;<\/li><li>Budgets&nbsp;<\/li><li>Personal liability&nbsp;<\/li><li>Technology and outsourcing<\/li><li>Concerns Arising as a Result of Covid-19<\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em>&#8220;2020 marks 25 years since the collapse of Barings Bank and it would seem that everything and nothing has changed in financial services.&#8221;<\/em><\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">Fill in the form opposite to download the Cost of Compliance 2020: COVID-19 update<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Additional resources:<\/strong><\/h4>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n<p><a href=\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020?utm_source=insights\" class=\"btn btn-lg btn-primary\">Click here to download the Cost of Compliance 2020<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n<p><a href=\"\" class=\"btn btn-lg btn-primary\">Cost of Compliance 2020 Webinar &gt;<\/a><\/p>\n\n\n<p><a href=\"\" class=\"btn btn-lg btn-primary\">Cost of Compliance 2020 Infographic &gt;<\/a><\/p>\n\n\n\n<p><em>This report was written by Susannah Hammond and Mike Cowan, members of the Thomson Reuters Regulatory Intelligence team in London.<\/em>&nbsp;<em>With Thomson Reuters&nbsp;<a href=\"https:\/\/legal.thomsonreuters.com\/en\/products\/regulatory-intelligence\">Regulatory Intelligence<\/a>, you can find and get clarity on regulatory developments. It is your first step in your regulatory compliance program, because it allows you to track, flag and share regulations.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thomson Reuters has released its Cost of Compliance 2020: COVID-19 Update, in addition to its unparalleled 11th Regulatory Intelligence Cost of Compliance Report.<\/p>\n","protected":false},"author":130,"featured_media":1803,"template":"","categories":[697,687,659,660,701],"tags":[896,898,457,897],"resource_type":[624],"insight_job_role":[775,710,713,712,711,714,804,805,715,793,807,808,725,820],"insight_practice_area":[],"class_list":["entry","author-susannahhammond3","has-excerpt","post-1750","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-compliance","category-global-reporting-compliance","category-global-tax-reporting","category-governance-risk-compliance","category-regulatory-intelligence","tag-cost-of-compliance","tag-financial-services","tag-regulatory-intelligence","tag-risk-and-compliance","resource_type-report","insight_job_role-audit-manager","insight_job_role-chief-executive-officer","insight_job_role-chief-financial-officer","insight_job_role-chief-information-officer","insight_job_role-chief-marketing-officer","insight_job_role-chief-operations-officer","insight_job_role-chief-risk-officer","insight_job_role-chief-tax-officer","insight_job_role-compliance-risk-manager","insight_job_role-compliance-officer","insight_job_role-head-of-international-tax","insight_job_role-head-of-tax","insight_job_role-it-technology-manager","insight_job_role-knowledge-manager","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cost of Compliance Report 2020: COVID-19 Update - TR - Business Insight Australia<\/title>\n<meta name=\"description\" content=\"Thomson Reuters has released its Cost of Compliance 2020: COVID-19 Update, in addition to its unparalleled 11th Regulatory Intelligence Cost of Compliance Report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cost of Compliance Report 2020: COVID-19 Update - TR - Business Insight Australia\" \/>\n<meta property=\"og:description\" content=\"Thomson Reuters has released its Cost of Compliance 2020: COVID-19 Update, in addition to its unparalleled 11th Regulatory Intelligence Cost of Compliance Report.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update\" \/>\n<meta property=\"og:site_name\" content=\"TR - Business Insight Australia\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-10T01:17:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2020\/10\/Cost-of-Compliance-COVID-update-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1584\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update\",\"url\":\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update\",\"name\":\"Cost of Compliance Report 2020: COVID-19 Update - TR - Business Insight Australia\",\"isPartOf\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2020\/10\/Cost-of-Compliance-COVID-update-scaled.jpg\",\"datePublished\":\"2020-10-29T05:12:18+00:00\",\"dateModified\":\"2021-02-10T01:17:42+00:00\",\"description\":\"Thomson Reuters has released its Cost of Compliance 2020: COVID-19 Update, in addition to its unparalleled 11th Regulatory Intelligence Cost of Compliance Report.\",\"breadcrumb\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update#primaryimage\",\"url\":\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2020\/10\/Cost-of-Compliance-COVID-update-scaled.jpg\",\"contentUrl\":\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2020\/10\/Cost-of-Compliance-COVID-update-scaled.jpg\",\"width\":2560,\"height\":1584,\"caption\":\"Clouds blow over Cape Town's iconic Table Mountain in Cape Town, South Africa, March 17, 2019. REUTERS\/Mike Hutchings - RC13E91267D0\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/insight.thomsonreuters.com.au\/business\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Resources\",\"item\":\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Cost of Compliance Report 2020: COVID-19 Update\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/#website\",\"url\":\"https:\/\/insight.thomsonreuters.com.au\/business\/\",\"name\":\"TR - Business Insight Australia\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insight.thomsonreuters.com.au\/business\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cost of Compliance Report 2020: COVID-19 Update - TR - Business Insight Australia","description":"Thomson Reuters has released its Cost of Compliance 2020: COVID-19 Update, in addition to its unparalleled 11th Regulatory Intelligence Cost of Compliance Report.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update","og_locale":"en_US","og_type":"article","og_title":"Cost of Compliance Report 2020: COVID-19 Update - TR - Business Insight Australia","og_description":"Thomson Reuters has released its Cost of Compliance 2020: COVID-19 Update, in addition to its unparalleled 11th Regulatory Intelligence Cost of Compliance Report.","og_url":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update","og_site_name":"TR - Business Insight Australia","article_modified_time":"2021-02-10T01:17:42+00:00","og_image":[{"width":2560,"height":1584,"url":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2020\/10\/Cost-of-Compliance-COVID-update-scaled.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update","url":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update","name":"Cost of Compliance Report 2020: COVID-19 Update - TR - Business Insight Australia","isPartOf":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update#primaryimage"},"image":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update#primaryimage"},"thumbnailUrl":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2020\/10\/Cost-of-Compliance-COVID-update-scaled.jpg","datePublished":"2020-10-29T05:12:18+00:00","dateModified":"2021-02-10T01:17:42+00:00","description":"Thomson Reuters has released its Cost of Compliance 2020: COVID-19 Update, in addition to its unparalleled 11th Regulatory Intelligence Cost of Compliance Report.","breadcrumb":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update#primaryimage","url":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2020\/10\/Cost-of-Compliance-COVID-update-scaled.jpg","contentUrl":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2020\/10\/Cost-of-Compliance-COVID-update-scaled.jpg","width":2560,"height":1584,"caption":"Clouds blow over Cape Town's iconic Table Mountain in Cape Town, South Africa, March 17, 2019. REUTERS\/Mike Hutchings - RC13E91267D0"},{"@type":"BreadcrumbList","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/cost-of-compliance-report-2020-covid-19-update#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/insight.thomsonreuters.com.au\/business\/"},{"@type":"ListItem","position":2,"name":"Resources","item":"https:\/\/insight.thomsonreuters.com.au\/business\/resources"},{"@type":"ListItem","position":3,"name":"Cost of Compliance Report 2020: COVID-19 Update"}]},{"@type":"WebSite","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/#website","url":"https:\/\/insight.thomsonreuters.com.au\/business\/","name":"TR - Business Insight Australia","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insight.thomsonreuters.com.au\/business\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"}]}},"_links":{"self":[{"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/insight_resource\/1750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/insight_resource"}],"about":[{"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/types\/insight_resource"}],"author":[{"embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/users\/130"}],"version-history":[{"count":0,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/insight_resource\/1750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/media\/1803"}],"wp:attachment":[{"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/media?parent=1750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/categories?post=1750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/tags?post=1750"},{"taxonomy":"resource_type","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/resource_type?post=1750"},{"taxonomy":"insight_job_role","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/insight_job_role?post=1750"},{"taxonomy":"insight_practice_area","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/insight_practice_area?post=1750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}