March 4, 2016, Brooklyn Law School hosts the Brooklyn Journal of Corporate, Financial and Commercial Law Annual Symposium: The Role of Technology in Compliance in Financial Services: An Indispensable Tool as well as a Threat?
In recent years, technology has become an inseparable part of the compliance function in financial services. Compliance officers, whose mission is to ensure that business is conducted in accordance with law and regulation, must have technological resources at their command to match those of employees on the business side and to complement the oversight of financial regulators who are developing their own technological capabilities. In addition, because technology enables the automation of many compliance tasks and increases compliance officers’ productivity, it may even result in a decrease in the number of compliance officers, just when compliance has become a recognized control function in financial firms.
This daylong symposium will explore the issues arising from the relationship between compliance and technology. Scholars will offer their views on recent developments and their implications for compliance. Compliance officers and specialists in practical compliance will react to the scholars’ accounts and share their perspectives about the use of technology in compliance. The goal of the conference is to encourage conversations between the academy and compliance practitioners and to add to the growing body of work in the field
