How do we equip a company with clear visibility of applicable rules and their changes? Is there a way to automate the management of rules? This is an inside story of our effort in designing the Rules Management Software module in Compliance Track. We thought of sharing this story as a thanks to various customers and partners who gave us inputs during the development stage and to provoke the thoughts of compliance professionals by enumerating the practical problems in automating rules management.

Is there a case for separating prudential regulation and conduct of business regulation after the wake of the biggest financial crisis the world has ever seen? How is Australia different in their regulatory approach to the US and UK/Europe?

In the current times, with the public scams and the credit crunch, we can ask questions on what happened to the regulators, why were they caught napping whilst the credit crunch bit us hard, and we experienced some of the largest scams ever seen - $50bn Maddox, followed by a string of others.

Developing a compliance culture within an organisation is vital to an effective compliance function. There are five basic elements for a compliance monitoring programme.

Should compliance managers be acquiring new skill sets? It looks like the industry is demanding more from a compliance manager. Let’s consider some of the recent trends in the industry and the future of the compliance management profession and the possible need for additional skills

Compliance monitoring is the heartbeat of any compliance function. Without this, the consequences of failure can be disastrous. The creation of compliance and policy manuals are important, however, such policy management is irrelevant without an effective compliance monitoring.