At the same time, capital flows from abroad may become much scarcer and even exhibit a sudden stop. Nevertheless, portfolio adjustments may affect emerging economies differently according to their fundamentals.
Once these processes, procedures, or controls are designed, compliance personnel should help ensure that those controls are implemented effectively and are a comprehensive response to the legal and reputational risks posed. The role of internal audit Just as the compliance area performs an independent review of the firm’s activities and business lines, the compliance program also needs to be reviewed independently.