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The Seminal Report on the Front Office Controls Function

Digital Reasoning has co-sponsored the seminal report for the front office control sector. Conducted by 1LoD, leading intelligence organization for first line risk and controls professionals, the 86-part survey was answered by 21 of the world’s largest financial institutions.

The three lines of defense model is being adopted across sell-side institutions in response to tougher regulation and new data analysis capabilities. The buy-side is rapidly catching up. As a provider of conduct surveillance solutions to both sell- and buy-side firms, Digital Reasoning was keen to support what is believed to be the largest and most comprehensive independent publication to cover front office controls organizations.

Operational risk failures have cost major banks up to $320 billion since the end of the financial crisis, and firms like yours cannot afford these type of penalties. In the 1LoD Report, Rupert Jolley, Chief Control Officer at HSBC, explains: “This isn’t just about meeting the needs of regulators, it’s because it’s a good way to do business. What we are doing is consistent with the rest of the industry, and it’s expensive but I expect the investment pipeline to continue for many years.”

The report offers latest insights and original research that explores where the function stands, a look into its future, and offers valuable perspectives from regulators, practitioners, consultants and technology experts, as well as a business head, a non-executive director and a military leader. It also features a directory of the leading technology and service providers.

A complimentary copy of the report, courtesy of Digital Reasoning, is available here.

Written By
James Ollerenshaw

James Ollerenshaw is Director of Content Marketing at Digital Reasoning. He has worked in technology marketing for almost 20 years. His experience includes running marketing agencies, representing high growth and established tech brands, and leading the Forrester Research Executive Leadership Board for technology marketers in EMEA for over 3 years.

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