Power to report

摘要

The problem with regulation is not that there is so much of it but that it is changing so often. Financial services firms are assailed from all directions. Not only do they face the same changes everyone else does in dealing with governance rules, accounting standards and data rules, but they also have to face the problem that many of these changes affect them to a much greater degree than they affect many other firms. The technological morass this is creating is forcing firms to try to create new reporting environments and to question whether old core systems deliver the performance, flexibility and structures that will fulfil the needs of the many new regulatory requirements. Traditional systems offer neither the flexibility nor the speed required by the new regulatory regimes that banks now have to deal with.