Picking the Winners Through the Regulation Minefield

The financial services industry is facing fundamental regulatory change. The ‘regulation minefield’ through which it must navigate itself will present extreme challenges to all players, hard on the heels of an economic recession and limited investment in the long term health of processes and infrastructure. CXOs are facing tough decisions as they strive to select the right strategic options that will equip them to chart the right course through the minefield.

What are the mines to be navigated?

One of the most significant legislative changes to be made to the financial services industry in recent years is Basel II, with a planned implementation at the end of 2006. With revised treatment for credit risk and the introduction of operational risk into the calculation of regulatory capital, added to enhanced supervision and market discipline through disclosure of risk events, the Accord will fundamentally change the industry on a global level.