|
By Rik Gielen, Channel Service Manager Financial Services Industry at SAP Belgium – Luxembourg
Pandora’s Box has been opened: Almost every corner of the industry is facing heavier regulations around risk management, compliance, and reporting - from new debit card interchange regulations and their broader impact on payments ecosystems in retail and commercial banking, to the ongoing implementation of market reforms to improve the transparency and functioning of over-the-counter markets, all the way through to efforts to enhance consumer protection and strengthen capital/solvency buffers in banking, asset management, and insurance sectors. In various jurisdictions, firms are facing prospects of an imposition of financial transaction taxes and limits on high frequency...
|