2021 Developments
First quarter revenues declined 2% in reporting currency, due to the depreciation of the U.S. dollar compared to a year ago. Excluding the impact of currency movements, first quarter revenues increased 4%. The impact of 2020 acquisitions on revenues and adjusted operating profit was nearly offset by the impact of last year s divestments. Organic growth was 4%, slightly better than expected across all four divisions. Recurring revenues (81% of revenues), which include subscriptions and other repeating revenue streams, grew 3% organically (1Q 2020: 5%). Non-recurring revenues (19% of revenues) increased 7% organically (1Q 2020: decline of 2%), buoyed by a 24% organic increase in printed books (timing of orders) and a 24% organic increase in Financial Services transactional revenues (reflecting volumes related to the 2021 U.S. Paycheck Protection Program
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Wolters Kluwer Podcast Sheds Light on Key Factors Impacting Effective Banking Compliance
April 9, 2021 GMT
MINNEAPOLIS (BUSINESS WIRE) Apr 9, 2021
Timothy R. Burniston, Senior Advisor, Regulatory Strategy with Wolters Kluwer Compliance Solutions, shares insights for U.S. financial institutions adapting to current and expected regulatory priorities and oversight measures in a new podcast.
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In this 37-minute podcast, “Consumer Compliance: Shift Priorities to Follow Changes in Regulatory Oversight Trends,” Burniston looks at ways banks may seek to fortify their compliance measures to prepare for the residual impact of the pandemic on consumers. He also examines the regulatory ramifications of leadership changes in Washington, and the anticipated increase in regulatory change. He notes that more than 40 percent of financial institutions are accelerating their “investmen
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