With new global regulations forthcoming, corporate compliance departments will need to upgrade aging systems and expand automation technology just to keep up. The time for little fixes may be over, and firms cannot use the recession as an excuse for putting investments off.

Compliance departments are increasingly concerned with the growing complexity of innovative and synthetic instruments and the components that go into them, said Michael Fay, a principal at Deloitte & Touche, during a webinar last week titled "Investment Portfolio Compliance Monitoring: Challenges in a Changing Environment."

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