The impact of complying with growing and
changing regulation remains a top challenge
– indeed the number one challenge for US
and European banks. Unsurprisingly, this
is a top investment priority for banks in
these regions. Bankers also tell us informally
that they are still struggling to get ahead
of this challenge and develop a proactive
stance with their regulators – to stop seeing
regulation as a burden and start weaving
regulatory compliance into the fabric of
their operations.