Banks today are continuously challenged to meet rigorous regulatory
requirements. They must implement strict governance programs that
enable them to comply with a wide variety of regulations stemming
from the financial crisis that began in 2007, including the DoddFrank
Act, Basel Committee on Banking Supervision regulations, the
General Data Protection Regulation (GDPR), the Revised Payment
Services Directive (PSD2) and the revised Markets in Financial
To keep pace with regulatory changes, many banks will need to
reapportion their budgets to support the development of new systems
and processes. Regulators continually indicate that the banks must be
able to provide, secure and deliver high-quality information that is
consistent and mature.
Many new regulations are spurring banks to rethink how data from across the enterprise flows into the aggregated risk and capital reports required by regulatory agencies. Data must be complete, correct and consistent to maintain confidence in risk reports, capital reports and analytical analyses. At the same time, banks need ways to monetize, grant access to and generate insight from data.
To keep pace with regulatory changes, many banks will need to reapportion their budgets to support the development of new systems and processes. Regulators continually indicate that the banks must be able to provide, secure and deliver high-quality information that is consistent and mature.
DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Our portfolio of live events, online and print publishing, business intelligence and professional development brands are centred on the complexities of technology convergence. Operating in 42 different countries, we have developed a unique global knowledge and networking platform, which is trusted by over 30,000 ICT, engineering and technology professionals.
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