Change amidst uncertainty: how banks are adapting to the emerging regulatory landscape is a Capco report, written by the Economist Intelligence Unit.
It examines how, in light of continuing regulatory uncertainty, financial institutions are reshaping their capital markets businesses to operate effectively in the new environment, and focuses particularly on the likely effect of regulation on overall structure as well as front, middle and back office operations.
The research is based on three components:
• A survey of 60 senior executives at financial institutions, half operating in the UK and half in the US. All firms had annual global revenues of more than US$5bn and all respondents work in operations, risk, trading or regulation.
• Interviews with a range of industry participants and experts, as well as a follow-up qualitative questioning of survey respondents. Because of the sensitivity of the topic, interviewees spoke off-the- record.
• Desk research, including a review of financial institutions’ regulatory filings.
The author of the report is Geraldine Lambe and the editor is Monica Woodley.