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Board Issues : Regulation

When Doing “Less Badly” Isn’t Enough: Linking Regulation with Strategy in the Post Dodd-Frank Era

July 9th, 2012 |

deloitte-doddfrank-wp.pngThe dual challenges of the regulatory and earnings environments present financial institutions with an opportunity to build a new model that may help them thrive in the coming years.

As they consider moving forward, how do institutions avoid reactive, haphazard, and uncoordinated sets of firefights as they respond to the new rules and regulations? Complexity can be overwhelming and compliance resources are often scattered and in short supply. If financial institutions want to stay ahead of both the regulations and the competition, if they aim to be stronger, safer, more focused, and able to generate acceptable returns for their shareholders, it may behoove them to consider adopting three concurrent strategies:

  • Create an enterprise-wide regulatory ‘air traffic controller’
  • Restructure the business
  • Increase transparency by creating world-class information management and analytical capabilities

For access to the full report from Deloitte, which provides perspective on the new regulatory environment, observations on how the industry is responding, and a three-point strategy for institutions to consider, click here.

Deloitte is a professional services firm specializing in audit, tax, consulting, enterprise risk, and financial advisory services.

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