Blog

Cost cutting and better risk management remained high on the European financial services agenda at the recent World Economic Forum. Institutions worldwide are facing similar concerns, because of the ongoing instability in the current economic environment. Yet cost cutting initiatives and the move to further enhance risk management are often undertaken to the detriment of what customers today are looking for – innovation.

Regulation is intended to create transparency, but if not managed efficient

In my recent blog, I pointed out that regulations are constantly changing, becoming more complex.

Global banks will find that proving transparency across multiple products to the regulators is a big challenge. All tier one banks operate with at least some legacy systems and some manual data sources, and can’t deliver all the required information in real time.

But transparency is key. Post-2008 liquidity crisis, global regulators are prescribing a series of new, more in-depth, regulatory returns.