RegTech: Overhyped AND underestimated?



Track session

RegTech: Overhyped AND underestimated?

15:50 - 16:40 | Tuesday 27 June
| Track room 3 | Legal & Regulatory

The burden of regulatory compliance is estimated to be roughly 15-20% of a bank’s operating costs and a single large institution could see their cost to be in the region of $2bn per year. The sheer number of regulatory changes impacting financial services across the EU is overwhelming and the fines for non-compliance are expected to increase. What is the role of each actor in the ecosystem in securing a successful partnership between visionary technologists and often slow moving regulators? Can agile new startups deliver back office technology which keeps pace with innovation? And how complex is the problem really?

By continuing to use the site you agree to our cookies policy. Accept