Thanks to the global financial crisis that shook up investment banking six years ago, a highly regulated environment has become the new normal. Keeping abreast of the regulations has consumed management attention and valuable resources. This won’t change in 2015.
What needs to change is the way banks stay on top of these regulations, managing them in a strategic, cohesive manner.
Banks shouldn’t just throw resources at regulatory problems. They need to take a step back and make wider changes to the operating model so that regulatory reporting is consistent and information is readily available across the business. For many banks, this may involve revamping their...
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