|
Gilles Pierre, Head of Banking Regulation at ABBL, on regulatory changes, their impact on risk management and digital security.
Banks have been changing their approach to risk management since the financial crisis. Can you explain how regulatory changes in risk management requirements are impacting the banking industry?
Regulatory changes are deeply impacting the risk management paradigm:
- Implication on banks’ business models and on their commercial strategy: the cost of risk must be priced in existing and in new products, e.g. the cost of liquidity and of capital
- Implication on the governance of banks: the Board of Directors has become the body responsible for the elaboration, the implementation and the...
|