Excellence in Financial Services
Linda Gallagher
U.S. Leader of Financial Services Regulatory Practice
KPMG
When Linda Gallagher founded KPMG's financial services compliance practice 18 years ago, clients' needs were very different than they are today. "The issue most in vogue then was around fair lending and anti-discrimination," Gallagher says. "The focus was on compliance. It was about helping companies comply with very technical and detail-oriented laws and regulations."
In contrast, she estimates that the regulatory practice today is only about two percent compliance-driven and 98 percent strategy-driven. "Today's regulations are about concepts like consumer protection, which is a much harder-to-gauge standard. It's not always straightforward to know if your actions can be seen as deceptive or misleading," she says.
To continue reading, become an ALM digital reader
Benefits include:
- Authoritative and broad coverage of the business of consulting
- Industry-leading awards programs like Best Firms to Work For, Global Leades and Rising Stars
- An informative newsletter that goes into the trends shaping the industry
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
