How to turn Basel III, Solvency II & Mifid II into opportunities in order to increase profitability and outperform competitors - theory and practice

Abstract

Since the 2008 crisis, the financial industry has been assailed by an endless number of regulations. Whether brand new or steps in a journey – that nobody knows when it will end – each regulation influences the financial world. They have even become one of the main challenges for the market. Mainly implemented to enhance the financial stability of the industry or to protect customers, they are too often perceived as significant costs for companies. Indeed, the price of reaching compliance is not to be underestimated as it includes both people and technology. However, by choosing the right approach to their implementation, the firms impacted could actually save time and money in the long run. But to do so, they need to take well thought-out and judicious actions that best suit their business. These include strategic, operational and tactical responses. The implementation journey is therefore long and difficult.