August 2015
US institutions must rethink organisational structures and operating models to meet bank regulatory requirements. This is according to EY’s 2015 Federal Reserve regulatory reporting survey, Regulation Now: The New Standard and How Firms are Adapting published in June 2015.
The survey reports on the current regulatory reporting practices at 25 of the leading financial institutions. The report calls on firms to develop ‘scalable and sustainable solutions that address regulatory changes, including Basel III, Comprehensive Capital Analysis and Review (CCAR) and evolving Federal Reserve Bank financial reporting requirements for banks’ – including foreign banks operating in the US.