Authored on: Sep 18, 2012
The recovery from the global recession has become especially precarious due to the
Eurozone sovereign debt crisis and fiscal tightening in the western world, and as a result of which volatility in financial markets has risen sharply. Under these circumstances, it has become imperative for banks to strengthen their risk management frameworks so that they can meet both the current and impending wave of challenges successfully.
This report, based on a survey of 46 respondents from 31 universal banks, explores the challenges financial institutions are facing in the new regulatory environment and how they are being met.