When you have to be right, right now

In-Memory Compute Grids (IMCGs) allow banks to process data faster and more accurately, too. Richard Bennett, Vice President of Regulatory Reporting for EMEA in Wolters Kluwer’s Finance, Risk and Reporting business, examines the latest trends banks need to consider.

You’re limping through the desert, dying of thirst, when you come upon an oasis with what appears to be a bottomless well. You can’t believe your luck. Then you drop the bucket in and discover that the rope tied to it is so knotted and twisted that it stops short of the water line. By the time you straighten it out so that you can take that desperately needed drink, it may be too late.

A vision of the future - and it has to be near term if you want to compete

Immediately following the 2008 crash we should have been at the peak of regulatory change. Indeed, there were some very rapid responses, such as the 2009/2010 UK liquidity regime.  The mountain of reform needed was far greater than initially understood, ranging from structural change to Basel III.

As a result of the size of the change needed, it has been slower. Bank business model changes have arisen as a result of the redefinition of capital, the meaning of high quality and, of course liquidity. In addition, the amount of capital reserves and liquidity have increased.  But now that Basel III is largely in place, is the avalanche over?