Banks in the Asia Pacific lag behind global peers in terms of regulatory change readiness.
Less than one-third of banking executives in the Asia-Pacific region (APAC) are equipped to handle the changing regulatory landscape compared to 46 percent of their peers in North America and Europe, according to new research developed by Asia Risk and Oracle.
The road to modern finance and risk remains a work in progress among APAC banks, the report's authors said.
Importance of Data
«Using data and innovation to drive business insights» examines more than 150 banking Chief Financial Officers (CFO), Chief Risk Officers (CRO) and other executives in key data roles. It also looks at the state of integrated finance and how banks use data for business insights to react to rapid changes in the regulatory environment.
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