Growing Regulatory Complexities – RegTech to the Rescue

Regulations have always been a cumbersome affair for the banking and financial services industry. The global financial crisis exposed many loopholes in the existing regulatory risk assessment framework. However, since then, regulators have sprung into action and are constantly looking for ways to enhance their supervision of the industry, ensuring that a repeat of the 2008 crisis does not happen. As a result, several enhancements to the existing regulations (Basel II, MiFID II, Solvency II, PSD II ...

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