Structured literature review: Organisational compliance to regulatory change in the international banking sector

Abstract

Purpose: Organisational compliance in the international banking sector is a complex, changing phenomenon that has a crucial impact on the stability and integrity of the global financial system. This structured literature review aims to consolidate a body of research relating to organisational compliance from 2019 to 2023 into a contemporary foundational set of information that offers insight and support for future research. Methodology: The review methodology utilises a structured literature review process and an inductive content analysis of scholarly journal articles. The search process uses the University of Pretoria’s (UP) Information Centre website, targeting specific social sciences and management databases. Findings: The review finds that there is a need for researchers to re-examine definitions of organisational compliance, in light of the expanded span of corporate responsibility and proposes further research opportunities in an insightful critique. Limitations: The use of inductive content analysis by an individual researcher lacks inter-coder reliability and is thus subject to bias and subjectivity. This is partially mitigated by the use of a proven structured literature process. Contribution: The review contributes to the body of knowledge on organisational compliance to regulatory change by providing a consolidated overview of current research, which has not been done before.