New Bank Regs Top Industry's Worries For 2017, Survey Reveals
Law360, London (January 6, 2017, 2:37 PM GMT) -- Complying with an array of new banking regulations will be the biggest headache for financial services firms in Europe and the U.S. this year, according to a survey released Friday.
Synechron Inc., a global consulting and technology firm, said 38 percent of senior financial staff rank regulation as their top concern, followed by data management at nearly 15 percent. Systems integration followed closely behind at 11 percent, with artificial intelligence, a major threat to traditional financial jobs, coming in at 10 percent. IT business transformation lagged behind at just 8 percent.
“Regulation, cost-pressure and outdated technology systems and operations are part of...
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