The Importance of Technological Compliance in the Banking Sector
Graham Smith, Vice President of the Southern Division (UK), gives comment on the compliance issues facing the banking industry in the UK.
Three major compliance deadlines need to be met within the next 6 months;
- Markets in Financial Instruments Directive (MiFID)
- Faster Payments Service (FPS)
- Single European Payment Area (SEPA)
Banks will need to undertake major technological change and integration to comply with these regulatory demands and this document discusses the implications involved.
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