Current Regulatory Environment In Banking (Market Focus)

Published by: Datamonitor

Published: Jun. 14, 2006 - 9 Pages

Table of Contents

DATAMONITOR VIEW

CATALYST

SUMMARY

METHODOLOGY

ANALYSIS

The compliance burden will continue to intensify with a second wave of regulations

Summary of key regulations

SOX, Basel II and the Patriot Act are regarded as key regulations at present

Sarbanes-Oxley

Basel II

Patriot Act

Future regulation will impact pricing and commission spreads

Efficient data management can help maximize synergies at infrastructure level for dealing with compliance

APPENDIX

Definitions

Basel II

Capital Requirements Directive (CRD)

IFRS / IAS

MiFID

Regulation NMS

Sarbanes-Oxley

Further reading

Ask the analyst

List of Tables

Table 1: Summaries of key laws and regulations

List of Figures

Figure 1: Emerging regulations in financial services industry

Figure 2: Regulations that drove key mandatory spending in 2005

Figure 3: Basel II overview

Abstract

• 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.

• 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.

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