In this latest edition of Evolving Banking Regulation (PDF 765.6 KB), we focus on the commercial and regulatory pressures affecting banks in the conduct and culture space. The commercial pressures include the need to rebuild reputation and trust; to establish commercial benefits from taking a more customer-centric approach; to respond to growing competition from non-banks and from other banks; and to avoid or minimize the financial costs of misconduct.The regulatory pressures arise from the magnitude of regulatory change in both retail and wholesale markets, some of which has been implemented but much of which is still under development; and from supervisors beginning to ask questions about the culture of financial institutions.
The challenges of meeting the demands and expectations of clients, customers, investors and regulators.
Banking structure may need to strategically evolve to fully contemplate factors and the overall economic and commercial...
The volume of unfinished business is diminishing as more regulations are moving through the design and calibration stages to implementation.