The "Cost of Compliance 2022" report by Thomson Reuters Regulatory Intelligence examines challenges and future trends in financial services compliance. Key findings include increased demand for skilled compliance professionals due to regulatory diversification. Challenges include regulatory complexity, resource constraints, and technology gaps. Firms are turning to outsourcing and regtech solutions, but budget limitations persist. The future outlook emphasizes integration, skills, and innovation, though resource constraints pose challenges. Overall, the report stresses the critical role of compliance amid evolving regulations and the need for strategic investment in compliance functions.

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