Business News • MarketWire • The Hidden Consequences of "Glass-Steagall Lite": Capco Identifies 10 Key Issues of How Regulatory Reform Will Impact Banks' Operational Complexity |
The Hidden Consequences of "Glass-Steagall Lite": Capco Identifies 10 Key Issues of How Regulatory Reform Will Impact Banks' Operational Complexity |
|
|
The Hidden Consequences of "Glass-Steagall Lite": Capco Identifies 10 Key Issues of How Regulatory Reform Will Impact Banks' Operational Complexity
NEW YORK, NY--(Marketwire - January 26, 2010) - As the debate in Washington continues on
banking regulatory reform, key issues are being raised that will determine
the future landscape of the financial industry for decades to come.
However, one crucial topic is not being talked about nearly enough:
Complexity. Every nanosecond on Wall Street, millions of transactions are
processed through a vast, high-tech, multi-platform labyrinth spanning
technologies and geographies. Sudden, drastic structural reform will
likely require every major U.S. financial institution to dramatically
revamp fundamental strategy along with all of its systems and processes,
from the most basic to the riskiest and most multi-faceted. The impact of
such a sea change is not just monumental, it's mind-bending. Given the
fragility of confidence in financial markets, rapid structural changes have
the potential to further systemic disequilibrium. Any such change should
only be introduced judiciously and shoul
View More : http://www.marketwire.com/mw/release.do?id=1107636&sourceType=3
|
|
|