Consider a situation where new regulations for compliance purposes are introduced in the financial industry, what...
Consider a situation where new regulations for compliance purposes are introduced in the financial industry, what effect will this action have on the demand for compliance officers in the economy?
Select the correct answer below:
1)It will decrease the demand for compliance officers.
2)It will increase the demand for compliance officers
3)The effect on compliance officers is negligible.
4) none of the above
Homework Answers
Correct Answer:
2)
The new regulations will require companies to follow the compliance and it can only be done by the compliance officers. So, demand of compliance officers will increase to cater the requirements of the companies.
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Consider a situation where new regulations for
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