I am currently working on a project for my client Lumigent– which provides software to manage compliance across multiple business applications, so customers don’t need to roll their own. Anyway – the project kicked off some thinking about compliance, and namely, how people are always the weakest link – not in terms of spotting compliance, but in terms of getting caught. Arrogance, or just plain old carelessness, wins every time.
Goldman Sachs has a phrase, and associated acronym, that captures something essential to how business gets done – Lets Discuss Live. You see – a face to face conversation can’t be archived.
In the current hypercharged environment on Wall Street – The Feds are coming! The Feds are coming! – suddenly compliance looks rather less academic. So what use was all the compliance investments that have been made in recent years? One of Redmonk’s white papers …
