Over the coming years, banks and other firms will need to respond by having adaptable operating models and systems which are regulation agnostic. Could we be at a tipping point, where firms need new systems or operating models that will enable them to easily adapt their entire operation to any new rule or regulation? If so, this is a significant change in approach and has wide-ranging impacts across the entire firm.
Our latest point of view ‘BCBS239: the behemoth lumbers’ provides the latest updates on this high-impact regulation, plus insight into how the market is approaching compliance. Authored by GFT specialists John Barclay (Managing Principal, Risk Consulting), Alan Morley (AML & Risk Practice Lead USA) and Tony Sodhi (Principal Consultant) the paper provides guidance and solutions to the BCBS239 compliance process and the importance of risk.
The paper also asks ‘What can the D-SIBs learn from the G-SIB experience?’ and ‘Will the G-SIBs have their programmes in place in time?’ The paper also analyses manual workarounds and assesses how they impact on the operational robustness of BCBS239 solutions.
Click here to view the whitepaper.