BBVA has secured regulatory approval from the UK regulator, a crucial step in its hostile takeover bid for Banco Sabadell....
Regulatory Compliance
Regulatory Compliance refers to the adherence to laws, regulations, guidelines, and specifications relevant to a business or organization. It involves ensuring that an organization’s practices and activities conform to external legal requirements as well as internal policies. Compliance can apply to various sectors, including finance, healthcare, environmental, and data protection. Organizations implement regulatory compliance measures to mitigate risks, maintain legal standing, and foster ethical business practices. This includes establishing processes to identify applicable regulations, conducting audits, training employees, and ensuring transparency in operations. Non-compliance can result in legal penalties, reputational damage, and financial losses, making it crucial for organizations to integrate effective compliance strategies into their operations.
