Banks have spent considerable amounts on initiatives related to regulatory compliance over the years, but major events continue to affect their reputation and profitability. In most cases, proper surveillance and early notification of improper and/or illegal activities could either have prevented the events from taking place or could have greatly limited their scope and the damage inflicted.
Our view is that current and potential customers are far more likely to work with firms whose focus is on their own day-to-day business rather than those who have breached regulations and damaged their reputations.
In this new Finance & Risk Services paper, we explore how banks can enhance their surveillance capabilities and implement an effective, integrated and proactive surveillance function to help deliver quantitative and qualitative benefits to the company.
DOWNLOAD THE FULL REPORT [PDF]