Master the Challenges of Regulation
Banks are facing significant adjustments of their organisational structures and business models, especially in the capital-market. The regulatory requirements of the European banking supervision—like the regulation of markets for financial instruments (»MiFID II«) as well as the associated regulation MiFIR—are challenging on several levels because:
- they are comprised of legal texts several thousand pages strong, and continuously changing guidelines that require an extensive analytic effort.
- the obligatory implementation of these banking guidelines means a restructuring of your well-established processes—be it products, services, customer relationships, or the necessary technology.
Only if every segment of the individual value chain is reliable and all processes are aligned, violations of the regulatory requirements and severe penalties can be avoided.