Tag Archives: Banking Regulations

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Why is Regulatory Reporting Tough?

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‘Regulatory reporting’ is the submission of raw or summary data needed by regulators to evaluate a bank’s operations and its overall health, thereby determining the status of compliance with applicable regulatory provisions. Governments across the world give prime importance to keep their banking systems updated. This has proved to be an important task, more so after the…

Regulatory Reporting Costs and Burden for Small & Mid-Sized Banks

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Anecdotal evidence from bankers suggests that the cost of complying usually increases with new rules and regulations when large statutory changes are made to financial laws and rules of any country or region[1]. This burden increases significantly when such changes are made especially after a financial crisis. New regulations stemming from the financial crisis has…

Regulatory Tsunami: Financial Pain Grips Banks

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As the regulatory juggernaut rolls on, the fines being currently meted out are just the tip of the iceberg. Analysts are predicting that more penalties are in store for foreign exchange manipulation and Libor-rigging; this would take the total fines levied on the banking industry above $300bn since 2010. As major institutional investors reevaluate their…

Discover Opportunities of Big Data Analytics

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Big Data Analytics is the hammer which chisels the marble chunks of big data revealing risk patterns, fraud alerts, operational trends, customer preferences and other nuggets of information. This in turn leads to more timely identification of risks, efficient marketing, increased profits and improved customer service. What is the Goal of Big Data Analytics?   Big Data’s…