With a potential recession on the horizon, Corporate Compliance Insights reached out to leading compliance, risk and governance experts, including Bissinger, Oshman, Williams & Strasburger LLP co-founder David Bissinger, to discuss the role of compliance professionals.
In addition to the debate over whether or not there might be a 2023 recession, it’s unclear whether the government would respond, though some sectors are likely to be bigger targets than others, explains Mr. Bissinger. Cryptocurrency, for example, is already in the U.S. government’s regulatory crosshairs, and recent upheaval in the sector is likely to draw added attention if crypto exchanges drag down the economy.
“Cryptocurrency provides the most colorful, if not most notable, example of an emerging financial crisis,” he said. “Under Chairman Gary Gensler, no major SEC rulemaking occurred; now, with the fall of multiple cryptocurrency platforms, the SEC and other agencies have begun to scramble to address the many complex issues arising from the growth of cryptocurrencies in the past decade.”
To read “If a Recession Comes, Most Experts Say Compliance Won’t See the Worst of It” visit https://www.corporatecomplianceinsights.com/recession-compliance-2023/.