Tag Archives: financial services

You are here:

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

display_image

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…

How can Banks keep up with changes in Regulatory Reporting?

man-551258_640

It’s a vicious cycle. The economic crisis caused by the financial downturn led to regulators coming up with new reporting requirements and changes in regulatory reporting formats. Financial institutions as well as banks are now finding it harder to cope with the different regulations. Why are banks struggling? Reporting and collating a constant stream of…