Financial Regulatory Compliance Survey

The St. Louis Regional Chamber, in collaboration with Dr. Nitish Singh at Boeing Institute-Saint Louis University, is reaching out to compliance professionals to better understand the risks, challenges and trends in financial regulatory compliance.

The results of this survey will be compiled in a report to inform college curriculum development and be shared with industry leaders.

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* 1. Please indicate your industry sector (required).

Asset management

Securities brokerage / financial advisory services

Banking

Credit services

Insurance

Mortgage

Other financial services

Other (please specify)

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* 2. What is your job function?

Compliance

Audit

Anti-money laundering (AML) and Bank Secrecy Act (BSA)

Legal/Counsel

Risk management

Other (please specify)

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* 3. Please list years of experience in regulatory compliance.

Less than 1 year

1 to 5 years

6 to 10 years

11 to 20 years

More than 20 years

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* 4. Please rate the following financial regulatory compliance training topics on a scale of 1 to 5 (1 being the lowest in training importance and 5 being highest in training importance).

	Very low importance (1)	Low importance	Medium importance	High importance	Very high importance (5)
Securities law	Securities law Very low importance (1)	Securities law Low importance	Securities law Medium importance	Securities law High importance	Securities law Very high importance (5)
Anti-money laundering	Anti-money laundering Very low importance (1)	Anti-money laundering Low importance	Anti-money laundering Medium importance	Anti-money laundering High importance	Anti-money laundering Very high importance (5)
Privacy and data protection	Privacy and data protection Very low importance (1)	Privacy and data protection Low importance	Privacy and data protection Medium importance	Privacy and data protection High importance	Privacy and data protection Very high importance (5)
Cybersecurity	Cybersecurity Very low importance (1)	Cybersecurity Low importance	Cybersecurity Medium importance	Cybersecurity High importance	Cybersecurity Very high importance (5)
Dodd-Frank Act	Dodd-Frank Act Very low importance (1)	Dodd-Frank Act Low importance	Dodd-Frank Act Medium importance	Dodd-Frank Act High importance	Dodd-Frank Act Very high importance (5)
Foreign Corrupt Practices Act	Foreign Corrupt Practices Act Very low importance (1)	Foreign Corrupt Practices Act Low importance	Foreign Corrupt Practices Act Medium importance	Foreign Corrupt Practices Act High importance	Foreign Corrupt Practices Act Very high importance (5)
Defending Securities Exchange Commission (SEC) exams	Defending Securities Exchange Commission (SEC) exams Very low importance (1)	Defending Securities Exchange Commission (SEC) exams Low importance	Defending Securities Exchange Commission (SEC) exams Medium importance	Defending Securities Exchange Commission (SEC) exams High importance	Defending Securities Exchange Commission (SEC) exams Very high importance (5)
Defending Financial Industry Regulatory Authority (FINRA) exams	Defending Financial Industry Regulatory Authority (FINRA) exams Very low importance (1)	Defending Financial Industry Regulatory Authority (FINRA) exams Low importance	Defending Financial Industry Regulatory Authority (FINRA) exams Medium importance	Defending Financial Industry Regulatory Authority (FINRA) exams High importance	Defending Financial Industry Regulatory Authority (FINRA) exams Very high importance (5)
Defending National Futures Association (NFA) exams	Defending National Futures Association (NFA) exams Very low importance (1)	Defending National Futures Association (NFA) exams Low importance	Defending National Futures Association (NFA) exams Medium importance	Defending National Futures Association (NFA) exams High importance	Defending National Futures Association (NFA) exams Very high importance (5)
Conducting internal investigations	Conducting internal investigations Very low importance (1)	Conducting internal investigations Low importance	Conducting internal investigations Medium importance	Conducting internal investigations High importance	Conducting internal investigations Very high importance (5)

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* 5. Please rate the following general ethics and compliance training topics on a scale of 1 to 5 (1 being the lowest in training importance and 5 being highest in training importance).

	Very low importance (1)	Low importance	Medium importance	High importance	Very high importance (5)
Social media use	Social media use Very low importance (1)	Social media use Low importance	Social media use Medium importance	Social media use High importance	Social media use Very high importance (5)
Anti-retaliation	Anti-retaliation Very low importance (1)	Anti-retaliation Low importance	Anti-retaliation Medium importance	Anti-retaliation High importance	Anti-retaliation Very high importance (5)
Cybersecurity awareness	Cybersecurity awareness Very low importance (1)	Cybersecurity awareness Low importance	Cybersecurity awareness Medium importance	Cybersecurity awareness High importance	Cybersecurity awareness Very high importance (5)
Ethical decision making	Ethical decision making Very low importance (1)	Ethical decision making Low importance	Ethical decision making Medium importance	Ethical decision making High importance	Ethical decision making Very high importance (5)
Bribery and corruption	Bribery and corruption Very low importance (1)	Bribery and corruption Low importance	Bribery and corruption Medium importance	Bribery and corruption High importance	Bribery and corruption Very high importance (5)
Conflict of interest	Conflict of interest Very low importance (1)	Conflict of interest Low importance	Conflict of interest Medium importance	Conflict of interest High importance	Conflict of interest Very high importance (5)
Harassment	Harassment Very low importance (1)	Harassment Low importance	Harassment Medium importance	Harassment High importance	Harassment Very high importance (5)
Code of conduct	Code of conduct Very low importance (1)	Code of conduct Low importance	Code of conduct Medium importance	Code of conduct High importance	Code of conduct Very high importance (5)
Hot-line usage	Hot-line usage Very low importance (1)	Hot-line usage Low importance	Hot-line usage Medium importance	Hot-line usage High importance	Hot-line usage Very high importance (5)

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* 6. Please rate the following regulatory compliance risks on a scale of 1 to 5 (1 being the highest in risk and 5 being the lowest in risk).

	Very high risk (1)	High risk	Medium risk	Low risk	Very low risk (5)
Bribery and corruption	Bribery and corruption Very high risk (1)	Bribery and corruption High risk	Bribery and corruption Medium risk	Bribery and corruption Low risk	Bribery and corruption Very low risk (5)
Whistle blower and retaliation	Whistle blower and retaliation Very high risk (1)	Whistle blower and retaliation High risk	Whistle blower and retaliation Medium risk	Whistle blower and retaliation Low risk	Whistle blower and retaliation Very low risk (5)
Cybersecurity and privacy	Cybersecurity and privacy Very high risk (1)	Cybersecurity and privacy High risk	Cybersecurity and privacy Medium risk	Cybersecurity and privacy Low risk	Cybersecurity and privacy Very low risk (5)
Third-party related risks	Third-party related risks Very high risk (1)	Third-party related risks High risk	Third-party related risks Medium risk	Third-party related risks Low risk	Third-party related risks Very low risk (5)
Money laundering	Money laundering Very high risk (1)	Money laundering High risk	Money laundering Medium risk	Money laundering Low risk	Money laundering Very low risk (5)
Consumer protection	Consumer protection Very high risk (1)	Consumer protection High risk	Consumer protection Medium risk	Consumer protection Low risk	Consumer protection Very low risk (5)
Conflict of interest	Conflict of interest Very high risk (1)	Conflict of interest High risk	Conflict of interest Medium risk	Conflict of interest Low risk	Conflict of interest Very low risk (5)
Governance and reporting	Governance and reporting Very high risk (1)	Governance and reporting High risk	Governance and reporting Medium risk	Governance and reporting Low risk	Governance and reporting Very low risk (5)
Confidentiality	Confidentiality Very high risk (1)	Confidentiality High risk	Confidentiality Medium risk	Confidentiality Low risk	Confidentiality Very low risk (5)
Fraud and misconduct	Fraud and misconduct Very high risk (1)	Fraud and misconduct High risk	Fraud and misconduct Medium risk	Fraud and misconduct Low risk	Fraud and misconduct Very low risk (5)
Records management	Records management Very high risk (1)	Records management High risk	Records management Medium risk	Records management Low risk	Records management Very low risk (5)
Social media compliance	Social media compliance Very high risk (1)	Social media compliance High risk	Social media compliance Medium risk	Social media compliance Low risk	Social media compliance Very low risk (5)
Antitrust	Antitrust Very high risk (1)	Antitrust High risk	Antitrust Medium risk	Antitrust Low risk	Antitrust Very low risk (5)
Insider trading	Insider trading Very high risk (1)	Insider trading High risk	Insider trading Medium risk	Insider trading Low risk	Insider trading Very low risk (5)

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* 7. Please rate the following regulatory compliance costs on a scale of 1 to 5 (1 being highest in cost and 5 being lowest in cost).

	Very high cost (1)	High cost	Medium cost	Low cost	Very low cost (5)
Documentation	Documentation Very high cost (1)	Documentation High cost	Documentation Medium cost	Documentation Low cost	Documentation Very low cost (5)
Reporting requirements	Reporting requirements Very high cost (1)	Reporting requirements High cost	Reporting requirements Medium cost	Reporting requirements Low cost	Reporting requirements Very low cost (5)
Monitoring of transactions (anti-money laundering)	Monitoring of transactions (anti-money laundering) Very high cost (1)	Monitoring of transactions (anti-money laundering) High cost	Monitoring of transactions (anti-money laundering) Medium cost	Monitoring of transactions (anti-money laundering) Low cost	Monitoring of transactions (anti-money laundering) Very low cost (5)
Talent acquisition and retention	Talent acquisition and retention Very high cost (1)	Talent acquisition and retention High cost	Talent acquisition and retention Medium cost	Talent acquisition and retention Low cost	Talent acquisition and retention Very low cost (5)
Training	Training Very high cost (1)	Training High cost	Training Medium cost	Training Low cost	Training Very low cost (5)
Inspections and exams	Inspections and exams Very high cost (1)	Inspections and exams High cost	Inspections and exams Medium cost	Inspections and exams Low cost	Inspections and exams Very low cost (5)
Accounting and auditing	Accounting and auditing Very high cost (1)	Accounting and auditing High cost	Accounting and auditing Medium cost	Accounting and auditing Low cost	Accounting and auditing Very low cost (5)
Litigation	Litigation Very high cost (1)	Litigation High cost	Litigation Medium cost	Litigation Low cost	Litigation Very low cost (5)
Consultants and third party service providers	Consultants and third party service providers Very high cost (1)	Consultants and third party service providers High cost	Consultants and third party service providers Medium cost	Consultants and third party service providers Low cost	Consultants and third party service providers Very low cost (5)
Data processing and automation	Data processing and automation Very high cost (1)	Data processing and automation High cost	Data processing and automation Medium cost	Data processing and automation Low cost	Data processing and automation Very low cost (5)

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* 8. Please rate on a scale of 1 to 5 the frequency of use of the following key metrics or indicators to evaluate the effectiveness of financial regulatory compliance (1 being never use and 5 being always use).

	Never use (1)	Rarely use	Sometimes use	Often use	Always use (5)
Feedback from ethics surveys	Feedback from ethics surveys Never use (1)	Feedback from ethics surveys Rarely use	Feedback from ethics surveys Sometimes use	Feedback from ethics surveys Often use	Feedback from ethics surveys Always use (5)
Hotline call/compliant volume	Hotline call/compliant volume Never use (1)	Hotline call/compliant volume Rarely use	Hotline call/compliant volume Sometimes use	Hotline call/compliant volume Often use	Hotline call/compliant volume Always use (5)
Penalties/fines	Penalties/fines Never use (1)	Penalties/fines Rarely use	Penalties/fines Sometimes use	Penalties/fines Often use	Penalties/fines Always use (5)
Reported compliance policy violations	Reported compliance policy violations Never use (1)	Reported compliance policy violations Rarely use	Reported compliance policy violations Sometimes use	Reported compliance policy violations Often use	Reported compliance policy violations Always use (5)
Training outcomes	Training outcomes Never use (1)	Training outcomes Rarely use	Training outcomes Sometimes use	Training outcomes Often use	Training outcomes Always use (5)
Compliance audit outcomes	Compliance audit outcomes Never use (1)	Compliance audit outcomes Rarely use	Compliance audit outcomes Sometimes use	Compliance audit outcomes Often use	Compliance audit outcomes Always use (5)
Conflict of interest disclosures	Conflict of interest disclosures Never use (1)	Conflict of interest disclosures Rarely use	Conflict of interest disclosures Sometimes use	Conflict of interest disclosures Often use	Conflict of interest disclosures Always use (5)
Audit review and analysis	Audit review and analysis Never use (1)	Audit review and analysis Rarely use	Audit review and analysis Sometimes use	Audit review and analysis Often use	Audit review and analysis Always use (5)
Benchmarking data	Benchmarking data Never use (1)	Benchmarking data Rarely use	Benchmarking data Sometimes use	Benchmarking data Often use	Benchmarking data Always use (5)
Risk analysis results	Risk analysis results Never use (1)	Risk analysis results Rarely use	Risk analysis results Sometimes use	Risk analysis results Often use	Risk analysis results Always use (5)

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* 9. Please rate on a scale of 1 to 5 the level of ease or difficulty experienced when working with regulators and examiners (1 being very difficult and 5 being very easy)

	Very difficult (1)	Difficult	Modestly difficult	Easy	Very easy (5)
Regulators	Regulators Very difficult (1)	Regulators Difficult	Regulators Modestly difficult	Regulators Easy	Regulators Very easy (5)
Examiners	Examiners Very difficult (1)	Examiners Difficult	Examiners Modestly difficult	Examiners Easy	Examiners Very easy (5)

If you would like to receive an analysis of the survey results, please provide your name and contact information. Please note the summary will not identify any individuals. The contact information is solely collected to distribute the summary report.

Financial Regulatory Compliance Survey

Question Title

* 1. Please indicate your industry sector (required).

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* 2. What is your job function?

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* 3. Please list years of experience in regulatory compliance.

Question Title

* 4. Please rate the following financial regulatory compliance training topics on a scale of 1 to 5 (1 being the lowest in training importance and 5 being highest in training importance).

Question Title

* 5. Please rate the following general ethics and compliance training topics on a scale of 1 to 5 (1 being the lowest in training importance and 5 being highest in training importance).

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* 6. Please rate the following regulatory compliance risks on a scale of 1 to 5 (1 being the highest in risk and 5 being the lowest in risk).

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* 7. Please rate the following regulatory compliance costs on a scale of 1 to 5 (1 being highest in cost and 5 being lowest in cost).

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* 8. Please rate on a scale of 1 to 5 the frequency of use of the following key metrics or indicators to evaluate the effectiveness of financial regulatory compliance (1 being never use and 5 being always use).

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* 9. Please rate on a scale of 1 to 5 the level of ease or difficulty experienced when working with regulators and examiners (1 being very difficult and 5 being very easy)

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* 10. Name

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* 11. Company

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* 12. Job Title

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* 13. E-mail Address

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* 14. Mailing Address