News Room
November 2011 - Crossbridge launches Regulatory Insight and Reporting Series featuring FATCA, Dodd Frank and Basel III
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In an ever-changing and increasingly complex regulatory environment, investment banking operations are coming under heightened pressure to manage regulatory changes in the most cost-efficient and resourceful way. The demand for support in managing regulatory change has prompted Crossbridge, the financial markets consultancy, to create a comprehensive guide and summary of key regulatory movements including FATCA, Dodd Frank and Basel III in response to client demand for greater clarity and advice along with an increased volume of reporting requirements.
A common challenge with regulatory reporting is the need to improve data quality in a timely and efficient manner whilst keeping up with the speed and volume at which changes to existing regulation come into force. Greater integration is required to source data across function and asset classes and accountability and responsibility for data quality is paramount.
In response to this market challenge, Crossbridge's Regulatory Insight and Reporting Overview includes a detailed breakdown of key regulatory change movements from now until 2014, outlining which additional reporting requirements must be adhered to as a result of these changes. As specialists in restructuring and organisational change, Crossbridge's Regulatory Insight and Reporting series has been developed in order to allow clients to assess and leverage commonality across the new regulatory agenda, thus achieving greater efficiency and transparency across clients' reporting and data management systems.
Karen Chu, Partner at Crossbridge says,
"The launch of Crossbridge's Regulatory Insight and Reporting series is designed to promote a robust understanding of the end-to-end regulatory reporting process, outlining where time and money should and can be invested. Our clients in the sector are looking for a strategic approach to the regulatory roadmap, with appropriate governance that recognises the interdependencies of the regulations in order to leverage cost-efficiencies and optimise similar changes required in process and technology."
