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In finance, front office takes on governance role

Surveillance teams use technology to prevent, not just detect, non-compliance with rules and policies

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Across the financial industry, compliance departments have mushroomed in size since the crisis of 2008.

London

ACROSS the financial industry, compliance departments have mushroomed in size since the crisis of 2008. More recently, though, many banks and brokerages have established a governance framework commonly referred to as the three lines of defence. In this arrangement, the first line