The Regulatory Compliance Market

Financial institutions are struggling to comply with the growing number of rules, regulations, and standards and are investing tremendous resources in the way of money, time, and people toward attaining compliance. The enormity of these investments has provided ample opportunity for new entrants into the regulatory compliance consulting market. Once the traditional stronghold of public accounting firms, the service provider market for regulatory compliance consulting has expanded over the past decade.

Public accounting firms continue to be well-positioned in this market due to the depth and breadth of their regulatory subject matter expertise obtained through compliance assurance for large and complex organizations doing business across multiple geographic jurisdictions. Building on this strength, the Big Four firms, in particular, go beyond just providing technical expertise, by combining comprehensive risk, tax, and consulting services to help clients design and implement appropriate operating models and management systems that shape the compliance organization.

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