Resetting normal - a monitor's insight

Multi-million/billion dollar fines are only the beginning of a long haul back to compliant business: sceptical authorities want to be sure that the terms of deferred prosecution agreements are satisfied - a review and reporting role for the independent monitor. Nigel Coles, a managing director at Exiger, talks to MLB editor Timon Molloy about working between prosecutor or regulator and a firm in remediation.

Nigel Coles (+44 (0)20 7029 5056, ncoles@exiger.com) is a Managing Director with Exiger Ltd, a global regulatory and financial crime, risk and compliance firm that advises on and conducts corporate compliance monitorships. Exiger was formed by Michael Cherkasky - the monitor appointed under the Deferred Prosecution Agreement of December 2012 between the US Department of Justice and HSBC (Holdings) PLC.