June 5, 2025

The Devil You Know

Disruption of business-friendly attitudes is still disruption.

This week, CCI contributing writer Carrie Pallardy set out to decipher the mood among observers and experts in financial services compliance regarding the current climate of tumultuous regulatory change. 

Ironically, deregulation ostensibly designed to make business easier can create more work for compliance teams who become saddled with the task of overhauling their compliance frameworks, which were time-intensive and costly to establish in the first place. For financial institutions, which have invested heavily in aligning with regulatory and enforcement priorities, adapting to rapid changes in the second Trump Administration requires substantial resources and adjustments.

Ultimately, many in the industry seem to desire regulatory stability, potentially preferring consistency over frequent but favorable changes. Such stability may allow for long-term planning and sustained compliance efforts, reducing the need for continual adjustments and the associated costs, observers said.
 
No more foot fouls? Looking ahead, one observer noted that, under the SEC’s new chair, compliance teams can expect a new crypto focus and more attention on outright fraud rather than a focus on technicalities. As always, however, prepare to be unprepared.

Additional Insights: Elaine Duffus of Wolters Klower echoes the assertion that tracking and reacting to regulatory change in an era of deregulation can still multiply workloads in her oped on the compliance pro’s paradox.

FINSERV

Reckless or Unprepared? UK Tribunals Redefine Financial Integrity Standards

UK tribunals are refining the definition of financial integrity, distinguishing individual recklessness from broader institutional failures. Howard Kennedy partner David Hamilton explores how courts are reassessing integrity failures.

GOVERNANCE

How Your Labor Practices Could Become an M&A Problem

Competition enforcers are confronting monopsony power in increasingly concentrated labor markets. Authors with BRG discuss why companies must weigh labor risks in mergers and review employment agreements for antitrust concerns.

DATA PRIVACY

Lessons Learned: Todd Snyder CCPA Enforcement Action

The California Privacy Protection Agency recently imposed a $345,178 fine on a national retailer for violations of the California Consumer Privacy Act. Richart Ruddie of Captain Compliance examines the company’s agreement with the agency.

CYBERSECURITY

Why Scalable Global Frameworks Like ISO 27001 Matter

Sam Peters of ISMS.online uncovers how ISO 27001 updates address modern security concerns, from AI attacks to regulatory alignment, while maintaining the standard’s focus on risk management and continuous improvement.

The Future of Compliance Is Collaborative

Join Ground Truth Intelligence on June 17, 2025, at 10 a.m. EDT for a GTI webinar on creating alignment between compliance, risk and the wider business.

Speakers will explore:

• How internal and external collaboration fuels compliance success.
• Tactics for engaging busy stakeholders.
• What happens when compliance works as a team sport.