The recent financial crisis gave rise to a number of regulatory initiatives with constantly evolving implementation timelines. Capital Markets firms are concerned more and more about the full spectrum of regulations; the implications to their profitability, liquidity and capital, and the impacts on their operating model and operational efficiency.
In an environment where budgets are constrained and cost pressures higher than ever, the challenge for capital markets firms is to identify synergies across regulations and cost effective solutions that will allow them to maintain their competitive advantage, while achieving compliance and avoiding reputational risk.
Accenture’s Derivatives Reform Service offering is focused on four key regulatory initiatives; Dodd Frank, European Market Infrastructure Regulation (EMIR), Mifid II and Basel III. Accenture can help clients remove complexity on how to manage and implement regulatory change across geographies.