The Covid-19 fallout differs considerably from the 2007-9 global financial crisis and is likely to force banks to once again rethink how they measure risk and the tools needed to do that job
Patchwork of regtech solutions calls for a strategic approach
Since banks have been highlighted as being ripe for digitisation, regtech vendors have focused on point solutions arising from the latest regulatory requirements, creating an archipelago of products that are difficult to understand and manage.
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- The return of geopolitics will cause global banks considerable headaches
- The aftermath of Covid-19 is likely to result in greater regulatory oversight
- EMIR REFIT has potential to trigger unintended consequences
- ECB dials up pressure on banks to manage climate and environmental risks
- Post-Covid-19 new normal could see banks having to rethink resilience measures
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