Tactical Strategies Fall Short as Shifting Regulatory Landscape Becomes “The New Normal”
Banks are still adopting tactical workarounds instead of strategic approach to regulatory changes.
A recent survey carried out by capital markets consultancy GFT found that the majority of investment banking respondents are still approaching regulatory change using tactical workarounds, rather than as a driver for change.
"The regulation is exposing some of these deep-rooted, very tough problems banks knew they had but have somehow managed to limp along year-on-year," Jeremy Taylor, head of business consulting at GFT, told Waters. "There is still a very large percentage of the market which is
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