“Ring-fencing the Wholesale and Retail Banking Operations”
In order to properly benefit from this regulatory change, Banks need to set clear goals, a correct action plan and governance to tackle the changes.
By bringing the relevant expertise to the team, banks need to react quickly, re-designing their processes accurately and performing a robust self-assessment, which together with a clear plan of action and governance, will meet the Banking Reform requirements. While obtaining a proper tool to measure and control the assets risk, providing a higher level of data granularity and transparency in terms of Central Bank reporting.
We are conscious that it is a complex challenge that Banks are facing, to balance the internal capabilities against the regulatory requirements, therefore it is absolutely important to perform a clear self-assessment of the current compliance to the regulation.