Although four out of five financial providers have Libor transition plans in place, just 18% say their plan is mature, while only one in five say they are operationally ready for the change – according to the Accenture 2019 Libor Survey. Almost half (41%) do not feel they have a unified and consistent approach to transition and remediation, while two in five believe that regulatory uncertainty and lack of clarity are hampering execution of their remediation efforts.
A-Team Insight Briefs
The regulation clock is ticking. Financial firms, especially those subject to Phase I of implementation, are well aware of the impending April 2020 deadline for the Securities Financing Transactions Regulation. The question is, are they ready? Tactical, i.e painful, approaches to compliance won’t be good enough. A strategic plan of attack is necessary to combat...
Quinn Perrott, co-CEO of TRAction. Hard to believe, but we are almost 24 hours away from the day that has been on the horizon for what seems like an eternity. Ironically, when Big Ben finally bongs at 11pm (GMT) on Friday, Brexit still does not mean Brexit. Britain may have officially left the EU treaties,...
The FRTB Briefing Virtual will examine key focus areas and priorities for banks in 2020 and offer guidance, advice and expertise for tackling the challenges and pain points around implementing the FRTB regulation.
Client onboarding is central to the success of banks, yet it continues to present challenges and the benefits of getting it right are difficult to achieve. The challenges arise from siloed systems, manual processes and poor entity data quality. The potential benefits of successful implementation include excellent client experience, improved client acquisition and loyalty, new business opportunities, reductions in costs, competitive advantage, and confidence in compliance.