Regulatory compliance

15 Jan 2010

We have witnessed a strong increase in the regulation of the financial sector in general and especially in asset management and private banking. So much so that companies have gone out of business instead of catching up.

Indeed, some of the changes are challenging. Private banking and asset management have always thrived on a profound obscurity when it came to the margins. New legislation has taken aim at protecting clients by sharply increasing the transparency regarding risk and margins. So yes, margins are under pressure and this will continue for years to come. The promise is a radical restructuring of this aprt of the financial sector.

Surviving the margin squeeze requires new thinking, particularly when it comes to work processes. Many workflows will have to be automated, many job functions will disappear. New jobs are created in the areas of compliance and risk management. Even if the financial sector supervisors in many countries have soft-pedalled the full implementation of the new legislation, it will come to your neighbourhood, too.

We have helped companies getting ready for the changes, so we stand ready to advice and help your company.

Your risk manager may need help

Your risk manager may need help

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