Asian banks’ operational costs heightened by international regulations
Proceedings report from The Asian Banker’s Singapore Heads of Risk & Compliance Dialogue 2013, on the need for banks to better consolidate their risk management functions and platforms.
While international regulations are increasing bank costs, particularly for Singaporean banks, as they are forced to comply with a wide range of regulations, their balance sheets remain healthy.
Singaporean banks need to focus on integrating their risk management platforms by using CVA to improve pricing.
Several major issues remain in banks’ risk and finance management alignment, mainly due to a lack of leadership. However, this issue can be overcome through proper data integration and performance management.
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Categories: Operational Risk
, Risk and Regulation
Keywords: Risk & Finance
, Counterparty Risk
, Systemic Risk
, Dodd-Frank Act
, Basel III
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