Financial institutions have emerged from the rigorous regulatory and data demands of 2014 – battle weary and suffering a few scrapes and scars – but otherwise unscathed. On a whole, 2014 will be remembered as the year when regulators started to flex their muscles, levying a record number of fines and promising to become more involved at an earlier stage, making many financial institutions finally sit up and take notice.
2015 is being hailed by many commentators as the turning point for financial regulation. However, looking at the regulatory roadmap for the year ahead, 2015 may actually offer financial institutions a well-needed respite from regulatory implementation. Don’t get us wrong – there are plenty of regulatory requirements to be getting busy with, but it appears that a lot of the execution comes in 2016 and beyond.
Therefore, in 2015, financial institutions will have the opportunity to determine impacts to operations, workflows, operational efficiencies and identify data capture and data centralization technologies that will help them meet the regulatory demands facing them over the coming years.
In this paper, we discuss what we expect for regulation in the Asia Pacific region for 2015.
About the Author:
Andy is responsible for managing Fenergo’s client engagements in the Asia Pacific region, with a focus on best practice implementation that exceeds client expectations. He has cultivated deep technical, domain and delivery expertise, and regularly shares these best practice approaches.