TowerGroup's Kopp Speaks Out on Regulatory Waste


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Sarbanes Oxley : Technology : Thought Leader

TowerGroup's Kopp Speaks Out on Regulatory Waste

Guillermo Kopp
VP
TowerGroup

"Sarbanes-Oxley and Basel II entail pervasive changes across the typical line of business and product silos that characterize financial services institutions. Each regulatory mandate forces banks to modify their technology systems, and these modifications frequently entail duplicative efforts."

"With hundreds of mandates across multiple silos, banks end up spending fortunes in updating their systems, again, and again. Leading institutions are finding smart ways to combine risk and compliance functions across lines of businesses, and bring efficiency as well as innovation at an enterprise level."

TowerGroup is the world?s leading research and consulting firm focused on the global financial services industry. For more than a decade, they have been providing the world?s top financial services, technology, and professional services companies with trusted advice and continuous, timely, and objective information.

Guillermo recently shared his unique views at the Middle East Financial Technology Conference in Bahrain, Kingdom of Baharian.

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