Do regulators in the US have the same approach as in Europe and UK? Which approach does work best for our financial system? Should regulators have a tighter and more deadline driven approach towards banks?
Or is a more principles-based regulation which gives banks more freedom to come up with the right solution the right way forward?
Find out about all these questions and what Dan from Ovum and Falk from SAP have to say about it.
If you find this inspiring why not dig deeper into the topic with Ovum’s strategy paper “Priming Retail Banking for the Future”
Check out all other videos of Ovum and SAP Talk Banking series: http:///www.youtube.com/playlist?list=PLC22A900682147CC4
with regards to Falks approach of regulatory reporting. As far as I understand the idea is to enable the regulator to creating its own reports via portal access to the bank’s data. This certainly will reduce the bank’s costs by shifting them to the regulator. Is there any feedback available from a regulator? I can hardly imagine that a regulator will go with that approach. It’s much more easier for the regulator to ask banks for certain information and get reports delivered instead of creating them, isn’t it?