In her sixth video blog of the series, Practical Solutions to vexing Compliance Challenges, Saloni Ramakrishna touched on how some of the practical solutions to vexing compliance challenges may not be in formal rule books and require “out of the box” thinking.
In her seventh video blog, Business Case for Positive and Active Compliance Management (PAC- M), she discusses how the compliance funding conversation is limited by viewing it just as a cost function, while in reality it is as much a revenue generation and revenue preservation function. Ms. Ramakrishna flips the challenge into a benefit statement and touches on the 3 major categories of benefits created by active compliance: Direct benefits , Costs Saved, and the Intangible benefits.
Watch Saloni Ramakrishna’s seventh video blog of the Compliance Risk Management Series, where she lucidly articulates a strong business case for positive and active compliance program. The next and the final video blog in the series of Enterprise Compliance Risk Management is Technology at the Core of a Successful Compliance Program.
Ms. Saloni Ramakrishna, author of Enterprise Compliance Management - An Essential Toolkit for Banks & Financial Institutions, is a financial services industry practitioner with nearly three decades of experience. She brings to table rich hands on knowledge with real world perspectives in Risk, Compliance and Performance areas. In her role she interacts with senior management of banks, consulting professionals and regulators across multiple countries. Ms. Saloni Ramakrishna is invited to share her views on industry trends by national and international finance forums like GARP, Ops Risk Asia, RiskMinds and Asian Banker amongst others. Her ideas have appeared as articles and quotes in printed & online media and television interviews.