Banking
Compliance: from obligation to value driver – and how to get there
Today’s financial institutions continue to view compliance management as an obligation. Yet what would happen if compliance were to be reinvented as a driver of value? In fact, financial institutions should use new regulatory demands as a catalyst to strengthen their business and realign their internal organisation and IT systems.
Markets are continuing to become more complex and uncertain. The regulatory and geopolitical environments are in upheaval. In response, financial services organisations are looking to develop a proactive, systematic and integrated approach to regulatory compliance and risk management. Regulation is tightening in the wake of public and government pressure for improved governance, transparency and accountability.
The need to comply with regulatory requirements has prompted banks to adapt their internal organisation and IT systems. This has placed a considerable burden on resources and investment. And according to the experts, regulatory pressure will heighten in the coming years.
Compliance management is still primarily seen as a regulatory obligation rather than a value driver. However, it can translate into significant benefits in terms of financial performance, operational excellence and relationships with business partners.
In this environment, companies that convert the challenge of compliance into confident moves in the market will gain an edge on the competition.
As an established partner to the financial services industry, we understand the sector’s regulatory and compliance challenges and opportunities – in the domestic and international context. We can support you in managing these challenges, identifying opportunities and transforming them within your organisation.
Some of the regulatory compliance management projects which we have seen to completion include:
The need to comply with regulatory requirements has prompted banks to adapt their internal organisation and IT systems. This has placed a considerable burden on resources and investment. And according to the experts, regulatory pressure will heighten in the coming years.
Compliance management is still primarily seen as a regulatory obligation rather than a value driver. However, it can translate into significant benefits in terms of financial performance, operational excellence and relationships with business partners.
In this environment, companies that convert the challenge of compliance into confident moves in the market will gain an edge on the competition.
As an established partner to the financial services industry, we understand the sector’s regulatory and compliance challenges and opportunities – in the domestic and international context. We can support you in managing these challenges, identifying opportunities and transforming them within your organisation.
Some of the regulatory compliance management projects which we have seen to completion include:
MiFID compliance for a major Benelux universal bank
contributing to SOX compliance through Application Management for a leading European bank
creating a rule-based rating tool to help a major German private bank provide a Basel II compliant rating for its corporate real estate financing
© GFT AG