Across industries and issues, regulator demands are increasing. Financial institutions in particular have been in the regulators’ spotlight since the 2008 credit crisis, a trend that is expected to continue.
From retail and investment banks, to life and property and casualty insurers, to investment advisors and hedge funds, the financial services industry has endured a surge in regulatory scrutiny. Whether facing a wave of new regulations or the fine-tuning of longstanding rules governing the industry, the regulatory demands for financial institutions continue to build — as do their risks.
With deep knowledge and experience across all financial industry sectors, insurance broking and risk consulting expertise, robust data and analytics capabilities, and a global network spanning more than 100 countries, Marsh’s Financial Institutions Practice is uniquely qualified to help you manage your regulatory risk.
Marsh recently announced the availability of CCO Preferred, a new form of insurance designed specifically for chief compliance officers (CCOs) who become the subjects of regulatory scrutiny for alleged corporate compliance failures. The policy provides dedicated limits in excess of $50 million for CCOs and covers damages, fines, penalties, and defense costs.