Financial Institutions Readiness for Growing Regulatory Compliance
In 2023, the first G-SIB failure post-2008 crisis, coupled with US financial collapses and geopolitical tensions, reshaped the global financial landscape. Regulators globally address risk management to restore market stability and confidence in the banking system.
Financial institutions require proactive, collaborative approaches to address regulatory challenges. Legacy systems hinder compliance readiness. Alignment between departments is crucial for successful adoption of technology and regulatory compliance.