Local consulting firm FTS has launched a survey to capture the level of awareness and training on two recent financial services initiatives, FATCA and CRS.
“These two initiatives are considered fairly recent and it would be useful to understand the general level of awareness and training to date. That type of information, particularly when broken down by industry, positions, number of years experience, etc. can help to inform others in the industry responsible for training, but it’s also a great way to measure the general compliance culture with respect to these issues”, said Mr. Paul Byles, Director of FTS.
Mr. Byles added that there is a general need to carry out similar surveys on a wide range of issues directly relating to financial services and that a few more surveys are planned in the future by FTS.
“We have had a good response rate so far and I am hoping that we can get a lot more as that would give us a smaller margin of error on the results.” he said.
The survey is anonymous and is targeted at all staff working in the financial services industry and not solely at compliance professionals.
“I have received full cooperation from most of the local financial services industry associations in sending the survey out to their members and am very grateful for that”, he added.
A summary report will be prepared and submitted to the various industry associations that participated to share with all their members.
The survey can be completed at: www.surveymonkey.com/r/JM78HKS
March 14, 2017 – Cayman Compass
