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Banks play a central role in ensuring stability, and in financing our economy. Yet the substantial investments required to meet regulatory obligations force banks to make strategic choices in how they allocate their resources to strengthening their governance and risk frameworks and to supporting the economy’s competitiveness. The ABBL x EY study takes stock of compliance investments and shows that those have drastically increased in 2024. It also underscores the growing expenses tied to resilience and digitalization, on top of longstanding cost drivers like AML. In this context, the ABBL calls for greater proportionality in both the design and the implementation of regulatory requirements.
Financing Europe’s transition: unlocking the full potential of the...
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