Issues : Regulation
Regulators could independently or collectively, clarify and expand their existing third-party risk management guidance.
Other countires have developed ’sandboxes’ to encourage and accelerate the development of new ideas and products for the financial services industry.
Changes in both a regulatory handbook and monetary penalties are worth noting.
The cost of compliance is excessive for many financial institutions and, for some, place their very survival into question.
If banks want to preserve their customer base and continue to grow, they will have to adapt to what’s happening in the financial technology space.
Enhanced regulatory oversight is one of the top challenges facing banks today. KPMG’s Lynn McKenzie offers solutions for bank boards to address this and other key concerns.
The financial services marketplace is now being disrupted by legislation and regulation.
Why are Donald Trump and Sen. Elizabeth Warren, who are bitter opponents, both calling for reinstatement of the Glass-Steagall Act?
The world is going mobile and dragging banking along with it kicking and screaming.
Banks can use technology to drive efficiency in regulatory compliance.