Beating back the regs and catching the crooks is enough to make any banker fly the white flag. Here’s how two industry leaders plan to win the battle.
As Know Your Customer and other regulatory requirements increasingly slow down the customer onboarding process, banks need to consider scalable and unified technology solutions.
To avoid regulatory fines and reputational damage, banks should set up programs to encourage whistleblowers to first report their concerns internally.
The Fed’s regulations for capital analysis and review may have the unintended consequence of making large banks more competitive, at the expense of smaller ones.
As overdraft fees face regulatory pressure and consumer complaints, it’s time for bankers to adopt a simpler, more transparent approach.
Bankers have many things to worry about but being ‘disrupted’ by alternative industries is not one of them. Reason: too much regulation.