Governance, Compliance, & Risk Survey

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Please note this is a non-attributable survey. No individual or firm name will be divulged in the survey results.

Please uncheck if you do not wish to be contacted for follow up questions, or clarification to any of your responses.

1. Do you think the current Regulatory Compliance legislation is achieving its intended effect?

	Not At All	Somewhat	Moderately	Mostly	Very Much	Don't Know
	Not At All	Somewhat	Moderately	Mostly	Very Much	Don't Know

2. Specifically, please rate the general effectiveness or adequacy of the following regulatory compliance legislation.

	Excessive/ Needs major revision/ Not effective	Needs significant revisions to be effective	Needs some revisions to be effective	Useful/ Achieves most objectives	Well defined/ Achieves stated purpose	Don't know
Dodd Frank	Excessive/ Needs major revision/ Not effective	Needs significant revisions to be effective	Needs some revisions to be effective	Useful/ Achieves most objectives	Well defined/ Achieves stated purpose	Don't know
US Patriot Act [Anti-Money Laundering Act (AML) / Know Your Customer Policies(KYC)]	Excessive/ Needs major revision/ Not effective	Needs significant revisions to be effective	Needs some revisions to be effective	Useful/ Achieves most objectives	Well defined/ Achieves stated purpose	Don't know
Bank Secrecy Act (BSA)	Excessive/ Needs major revision/ Not effective	Needs significant revisions to be effective	Needs some revisions to be effective	Useful/ Achieves most objectives	Well defined/ Achieves stated purpose	Don't know
Sarbanes-Oxley (SoX)	Excessive/ Needs major revision/ Not effective	Needs significant revisions to be effective	Needs some revisions to be effective	Useful/ Achieves most objectives	Well defined/ Achieves stated purpose	Don't know
Basel II (Credit, Market & Operational Risk)	Excessive/ Needs major revision/ Not effective	Needs significant revisions to be effective	Needs some revisions to be effective	Useful/ Achieves most objectives	Well defined/ Achieves stated purpose	Don't know
Trading Regulations (SEC, FINRA, FSA, NASDAQ, NYSE etc.)	Excessive/ Needs major revision/ Not effective	Needs significant revisions to be effective	Needs some revisions to be effective	Useful/ Achieves most objectives	Well defined/ Achieves stated purpose	Don't know

3. Specifically, how effective are your firm's systems, policies, and procedures to meet SEC, FINRA, NASDAQ, NYSE compliance reporting requirements:

	Not At All	Somewhat	Moderately	Most	Very	Don't Know
OATS	Not At All	Somewhat	Moderately	Most	Very	Don't Know
Reg SHO	Not At All	Somewhat	Moderately	Most	Very	Don't Know
Rule 605	Not At All	Somewhat	Moderately	Most	Very	Don't Know
Rule 606	Not At All	Somewhat	Moderately	Most	Very	Don't Know
Reg NMS	Not At All	Somewhat	Moderately	Most	Very	Don't Know
15c3-5	Not At All	Somewhat	Moderately	Most	Very	Don't Know
Large Trader ID	Not At All	Somewhat	Moderately	Most	Very	Don't Know
Electronic Blue Sheets (EBS)	Not At All	Somewhat	Moderately	Most	Very	Don't Know
OTS	Not At All	Somewhat	Moderately	Most	Very	Don't Know

4. In general, how difficult is it for your firm to meet it’s overall compliance reporting requirements?

	Not At All	Somewhat	Moderately	Most	Very	Don't Know
	Not At All	Somewhat	Moderately	Most	Very	Don't Know

5. How effective would you say the following are in detecting compliance violations?

	Not At All	Somewhat	Moderately	Mostly	Very	Don't Know
Internal Compliance Systems	Not At All	Somewhat	Moderately	Mostly	Very	Don't Know
3rd Party Compliance Systems	Not At All	Somewhat	Moderately	Mostly	Very	Don't Know
Defined Policies and Procedures	Not At All	Somewhat	Moderately	Mostly	Very	Don't Know
Governance and Oversight	Not At All	Somewhat	Moderately	Mostly	Very	Don't Know

6. What is the current mix of internal vs 3rd party software used to address your Compliance needs?

	85% Internal/ 15% 3rd Party	65% Internal/ 35% 3rd Party	50% Internal/ 50% 3rd Party	35% Internal/ 65% 3rd Party	15% Internal/ 85% 3rd Party	Don't Know
	85% Internal/ 15% 3rd Party	65% Internal/ 35% 3rd Party	50% Internal/ 50% 3rd Party	35% Internal/ 65% 3rd Party	15% Internal/ 85% 3rd Party	Don't Know

7. Is the current Regulatory Compliance environment creating a major financial or resource burden on firms?

	Not At All	Somewhat	Moderately	Mostly	Very Much	Don't Know
	Not At All	Somewhat	Moderately	Mostly	Very Much	Don't Know

8. Has your spending on Risk Management and Compliance increased due to the regulatory mandates issued since 2009?

	Not At All	Somewhat	Moderately	Mostly	Very Much	Don't Know
	Not At All	Somewhat	Moderately	Mostly	Very Much	Don't Know

Thank you for taking the time to complete this survey. In return for your participation, we will:

Send you a copy of our report “Governance, Compliance, and Risk: How Firms are Coping with Endless and Expensive Regulation: Industry Best Practices"
If interested, facilitate a workshop at your firm to share the industry best practices.
Automatically your name will be entered for a drawing for a free Amazon Kindle.

Governance, Compliance, & Risk Survey

8 Key Questions: How Prepared Is Your Firm?