Avoiding the Hot SeatCurrent Issues in Regulation and Technology Compliance |
As banks seek to respond to the new regulatory and commercial challenges by leveraging their investment in technology and through taking a more integrated view to their data they can potentially realize significant benefits such as reducing their requirements for, and optimizing the development of, both capital and liquidity.
This overview highlights a number of current technology challenges facing banks in responding to new compliance requirements such as FATCA.
Meeting the greater scrutiny around existing requirements such as transaction reporting, as well as the evolving demands in maintaining security and resilience of the entire information estate is a significant challenge for ICT. The demand for resolution and recovery plans (living wills) is making banks look again at the complex interconnected world of technology. The question we seek to answer is what should IT departments focus on now in moving each of these areas forward.
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Avoiding the hot seat
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