NFU Policy Paper Coping with Compliance 2018

Executive summary

The Nordic Financial Unions (NFU) highlight the growing impact of increased regulatory requirements on employees in the Nordic financial sector. While these regulations aim to enhance consumer protection and financial stability, they have led to higher workloads, stress levels, and potential conflicts between providing quality customer service and meeting compliance demands.

The NFU calls for balanced and well-designed financial regulation that minimizes administrative burdens and supports long-term, sustainable growth. Key recommendations include recognizing employees as essential stakeholders, ensuring they have sufficient time and resources to meet regulatory demands, and involving trade unions throughout the legislative process. Additionally, the NFU emphasizes the importance of transparent regulations and good management practices to maintain employee well-being and build trust in financial institutions.