Preparing For and Facilitating the Digitization, Automation and Optimization of Compliance Programs

A recent ACA Group (ACA) panel explored ways compliance professionals can look ahead and prepare for the increasing digitalization of compliance; expectations for how technology can help firms prepare for regulatory examinations; methods to leverage firms’ existing platforms and resources; and tips for selecting new technologies and facilitating effective adoption by end-users. The program was moderated by Leigh Emery, director of ACA, and featured Allison Bernbach, senior counsel at Simpson Thacher, and Rosa Licea‑Mailloux, director of corporate compliance at MFS Investment Management. This article summarizes the key takeaways from the discussion. For additional insights from ACA, see our two-part series on its 2019 Alternative Fund Manager Survey: “SEC Exam Experience, Codes of Ethics, Electronic Communications and Expense Allocations” (Aug. 8, 2019); and “Insider Trading Controls, Cybersecurity, Valuation, Marketing and Custody” (Aug. 15, 2019).

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