The regulatory environment is rapidly changing the financial services industry, both in terms of how it does business and how it manages itself. Regulatory triggers are behind industry consolidation on one hand and the rising importance of risk management within firm’s structures on the other.
In a global marketplace distinguished by historic change and uncertainty, financial services organizations must overcome a host of ongoing challenges to help succeed in an increasingly competitive environment.
In a number of cases, the road to continued economic growth and stability will require new business models and innovative approaches across banking, insurance, capital markets and investment management. Like in every other business sector, financial services companies have to respond to rapid and transformational developments in data, information and technology. Taking advantage of these developments requires fresh approaches to systems, processes and governance. Improving the alignment between the data and information systems relied on by internal management and external regulators is fundamental.
Having the right professional services firm – one that understands your business and the issues you face and is committed to providing the insight and perspective you need to succeed – is critical.
KPMG in Malaysia’s Financial Services team, with their wealth of industry experience and specialist knowledge, can help clients identify and address their most complex business problems with confidence.
Ahmad Nasri Abdul Wahab
Mok Wan Kong