APY = (1 + r/n)n â 1 where r is the quoted annual interest rate and n is the number of times the interest is compounded per year. Of course, it will be much easier to skip the manual calculation and simply use the APY Calculator on this page.
Regulatory compliance is an organization's adherence to laws, regulations, guidelines and specifications relevant to its business. Violations of regulatory compliance regulations often result in legal punishment, including federal fines. Download this free guide.
Obviously there are costs associated with regulatory compliance and I am not suggesting that everything needs to be regulated to a high degree. What I am suggesting is that it is in every organizationâs best interest to take seriously the need for a robust corporate compliance program. The benefits of a strong program go well beyond regulatory and legal compliance to also include operational benefits.