PwC RiskMinds 2014 – Daily Update Monday, December 8, 2014

PwC RiskMinds 2014 –
Daily Update
Monday, December 8, 2014
PwC Regulatory Summit Presentation - Global Banking at a Crossroads:
Regulatory Reform Around the World
PwC’s presence at RiskMinds opened with a presentation by Mike Alix entitled
“Global Banking at a Crossroads: Regulatory Reform Around the World.”
Mike synthesized the global regulatory landscape into four overarching categories in
order to effectively convey the impact of regulation on global banks’ strategies and
business models.
His key takeaway was that although many regulations are simply a cost to bear,
investment in governance, infrastructure, controls, and culture should in fact be
welcomed by firms. Such investments not only lead to improved risk management,
but also facilitate internal information flow that will make the firm more nimble to
innovate and to seize opportunities in the face of evolving political, economic, and
technological forces.
Firms that embrace this view will remain strong global players and will be best able
to navigate the changing regulatory landscape. Those that do not will be forced to
retrench – in geographic ambitions, product breadth, or customer base.
Mike Alix
Principal
US FS Consulting Risk Leader
PwC US
+1 646-471-3724
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