GFT launch ‘New Normal’ survey results in UK and North America

 

On June 17th GFT launched ‘The New Normal’ market research results in the UK and North America with events in both London and Toronto. As part of our focus on regulation, we polled the market to find out how great the impact of regulatory change and compliance has been on global financial organisations.

The London event took place at Mansion House where the results were presented by Jeremy Taylor (Head of Business Consulting UK, GFT) alongside a distinguished panel of industry experts including Kathryn Kerle (Head of Risk Reporting, RBD), Mark Higgins (Managing Director: EMEA, BNY Mellon) and Virginie O’Shea (Senior Analyst, Aite Group) who discussed the findings in-depth.

In Canada GFT hosted a breakfast briefing and networking event at The National Club in Toronto’s financial district The morning featured a review of the New Normal survey results presented by Ami Grewal (Head of Business Consulting, North America) and a panel Q&A discussion facilitated by Alan Morley (AML & Compliance Practice Lead, GFT North America). The panel, which included senior banking, legal, and regulatory experts, looked at many of the pitfalls and opportunities associated with the current pace of regulatory change, and discussed future scenarios for the financial industry.

The results of our research are now available to download, offering a thorough insight into the view from across the market. The results demonstrate the extent to which regulation has helped to drive consolidation and streamlining of business functions, and whether it has helped or hindered the ability of firms to make better business decisions, based on the insights provided as a result of regulatory change

Our top findings from the industry wide research included:

 

  • 95% of respondents agree that their organisation now operates in ‘The New Normal'
  • Although regulatory information is communicated through 97% of respondents’ organisations, only 20% actually receive this information through a single unified source
  • The majority (85%) of respondents believe that since the global financial crisis of 2007-08, their organisation has been able to make better business decisions as a result of regulatory change

 

 

Full market research results 'The New Normal'

One of our top findings from the industry wide research included: 95% of respondents agree that their organisation now operates in ‘The New Normal'.

Infographic New Normal research

Full market research results 'The New Normal'

One of our top findings from the industry wide research included: 95% of respondents agree that their organisation now operates in ‘The New Normal'.

Infographic New Normal research