Costs, Regulation, Diversification Dominate Asia’s ‘New Reality’
As regulations compel firms to capture and store increasing amounts of data for compliance purposes, cost efficiencies enacted during the financial crisis are remaining part of firms’ long-term practices, with end-user firms, exchanges and data vendors not anticipating a return to pre-crisis spending habits in the near term, according to panels at the Asia Pacific Financial Information Conference.
Part of the “new reality” for banks is the need to close businesses that do not make enough revenue
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