Gold Magazine April - May 2013, Issue 25 | Page 71

banking

{money}

Get
Smart!

address the way they do business and so
command a significant part of their annual
change budgets. Unrelenting regulatory
change will remain with us for the foreseeable future so a new approach to managing the resulting change is critical. A more
agile, proactive and coordinated approach
to implementation can ensure that waste is
reduced, resources are used more efficiently
and regulatory schedules are met.”

BOOK
REVIEW

Smarter implementation of regulatory change could
save banks 24% of costs

N

ew research from
PwC has found
that if banks adopted a smarter
approach to
their regulatory reform
programmes,
they could save 24% of the costs of their
implementation programmes.
Banks face a number of challenges as an
unprecedented wave of regulatory demands
continues to gather force. Looking ahead, conditions are expected to remain challenging over
a long period. Consideration of the continuous
stream of regulator 䁅