failure to approve plans, slippage in remediation deadlines); and (ii) inadequate reporting to the board; and inadequacies in risk appetite frameworks. In relation to the compliance function, the key issues relate to: incomplete registers of obligations (i.e., the firm not identifying its compliance obligations); incomplete compliance mandates (e.g., the PCF Holder i.e.
This reduction is consistent with a softening in labor demand, but it is still far above the 1-to 1 ratio that was typical before the pandemic. Finally, the rate at which people are quitting jobs, a sign of confidence in the job market, has fallen and is in hailing distance of the level that persisted for the couple of years before the pandemic recession.