Compliance pay costs soaring

Canary Wharf

According to an article by newspaper City AM, the research found that a rising headcount was the largest additional cost for 62% of compliance departments in 2012.

The research across the financial services industry including banks, insurers and investment groups, highlighted bank compliance managers in particular as being set for a further average rise of 7.1% in 2013 with their teams in line for similar increases.

The article quoted Robert Half's report as stating: "The unstoppable rise of new

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