In her fifth video blog of the series, The Umbilical Cord Between Business Model and Compliance, Saloni Ramakrishna discussed the fundamental connect between business model and compliance and how compliance has remained in the reactive stance due to a lack of appreciation of this connect.
In her sixth video blog, she touches on how some of the practical solutions to vexing compliance challenges may not be in formal rule books and requires “out of the box” thinking. Implementable ideas from peers in the industry can be a rich source for organizations that want to embrace compliance as a value multiplier instead of being forced to be compliant.
Watch Saloni Ramakrishna’s sixth video blog of the Compliance Risk Management Series, where she argues that just like how non-compliance is punished, compliance need to be rewarded, not necessarily by monetary bonuses, but by acknowledgement, appreciation certificates or factoring additional points into annual assessments and the like as a positive incentive. The next video blog in the series of Enterprise Compliance Risk Management is Business Case for Positive & Active Compliance Management (PAC- M).
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.