Chartis: Counting and Cutting the Cost of Compliance
Posted: 5 April 2018 | Source: Chartis
The first of two reports introducing ground-breaking new research from Chartis and BearingPoint that examines how Financial Institutions (FIs) can allocate, control and ultimately reduce their cost of compliance for Risk Data Aggregation and Regulatory Reporting activities. The cost of complying with regulation can be heavy, but the problem for FIs is that many of the factors that determine the costs are ultimately beyond their control. What’s more, they have no reliable way to assess just how much they are spending, or where their investment is having most impact. With our new model they can both attribute the cost of regulatory compliance accurately across their organizations, and adjust the key organizational elements that affect it.
Read the full report here.