Over the past seven years, regulation has challenged the business strategies, operational frameworks and functional business processes of every organisation operating across the financial services industry.
Regulators have sought to address the fundamental shortcomings that ultimately led to the global financial crisis, legislative change emanated at a global, regional and national level, covering structural reform, capital and liquidity, culture, market structures and accountability.
Despite the shift in the regulatory agenda from policy-making to implementation, financial institutions must continue to drive change as the pace of regulatory reform remains relentless. Critical to surviving in this challenging environment is an in-depth understanding of the regulatory panorama and its operational implications.
Grant Thornton's Financial Services Group regulatory handbook provides an overview of the key regulatory challenges across the banking, insurance and investment management industry.