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By Sonia DRIBEK, Associate Partner KPMG Luxembourg
After many years of being mired in post-crisis regulatory frameworks, complying with different regulations and meeting deadlines which often coincided — 2019 was the year for banks to finally breathe and remediate.
In this context, banks mainly focused on bringing their organizations in order. Topics on the agenda included:
- Upgrading the implementation of past regulations, if organizations origi- nally chose partly tactical resolutions because of time pressure and limited capacities. This meant converting them into long-term solutions by streamlining processes, data and IT.
- Brexit wasn’t only a political topic for the European Union but also for banks, as they began to assess the...
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