Risk Management Insights | Protecht

Macquarie Bank building in Sydney, Australia. Image for blog post on Macquarie's increased investment in risk and compliance

Compliance Management, Risk Management, Risk Manager

Are you allocating enough resources to compliance and risk management, and are you getting a positive ROI?

Macquarie Group has disclosed in its latest financial results that the group spent $785 million on compliance in the year to 31 March 2022, a 22% increase from the previous year [1]. If this trend continues, the group's compliance spend will pass $900 million in 2023, which would be equal to or even exceed spend on technology for the year. The word "compliance" is mentioned 79 times and "risk management" 230 times in the group's 2022 financial statements, a major increase from a few years ago.

By David Tattam, Chief Research and Content Officer | 3 minute read

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