Banks' Compliance Teams Shrink as Fines Decline

The video discusses the evolution of compliance in the banking industry, highlighting the reduction of compliance staff due to technological advancements. It covers the significant fines banks have faced since 2008 and the substantial investments in compliance and technology. The impact of Brexit and potential regulatory changes in the US are also explored, emphasizing the dynamic nature of compliance in the banking sector.

Discuss the significance of fines in the banking industry since 2008.

What challenges do banks face regarding compliance in an evolving regulatory environment?