Current Regulatory Environment In Banking (Market Focus)

Datamonitor
June 14, 2006
9 Pages - SKU: DFMN1319059
License type:

Introduction

Datamonitor has long suggested that financial organisations need to become smarter around data utilisation in order to maximise business efficiency and drive new opportunities.

Scope
  • The financial services industry is currently faced with a second round of regulatory activity as it slowly recovers from the first round.
  • Efficient data management can aid FSIs comply with different laws and regulations by using same technologies and processes in some cases.
Highlights

The compliance burden will continue to intensify with a second wave of regulations; SOX, Basel II and the Patriot Act are regarded as key regulations at present; Future regulation will impact pricing and commission spreads; Efficient data management can help maximize synergies at infrastructure level for dealing with compliance.

Reasons to Purchase
  • Vendors can view which regulations are impacting the financial services industry the most at present.
  • Vendors can view which regulations are driving compliance spend and what strategies FSIs are adopting in order to comply.