Managing Regulatory Change in Investment Banks: A Governance and Technology Perspective

Pratik Chawande

doi:10.71097/IJAIDR.v15.i1.1583

Managing Regulatory Change in Investment Banks: A Governance and Technology Perspective

Author(s)	Pratik Chawande
Country	United States
Abstract	The regulatory change in the financial services sector is an important transformative change in the regulations, which is driven by international regulatory changes, including Basel III, MiFID II, Dodd-Frank, and GDPR. These new regulations bring about intricate compliance issues of investment banks and provide it with an opportunity to enhance governance and use advanced technologies. This paper explains how investment banks have handled the change in regulation by adopting sound governance frameworks, technology adoption within compliance units as well as streamlining risk management procedures. In the study, compliance, digital transformation, and resilience of the organization are evaluated based on evidence that is articulated in 16 academic and professional resources and incorporates journal articles, reports, and case studies. Increased importance of regulatory technology (RegTech), automation, and data analytics may be proved by practical real-life examples of the most notable institutions, which are committed to enhancing the efficiency of compliance and mitigation of operational risks. The practices of governance revealed in the discussion as the change of regulations which must have been put in place in case of the necessity of the change to be brought in line with long-term strategic priorities and cultural and accountability changes which need to be effected in order to be able to sustain the very act of adaptation. A summary of the trends in RegTech investment and compliance expenditure in supporting graphs across the globe also suggests the growth on the application of technology-driven solutions in the industry. The findings are that there is a balance between governance and innovation, based on which investment banks will be able to meet the requirements of regulatory requirements and transform them into strategic competitive advantage.
Keywords	RegTech, risk management, regulatory change, investment banks, regulatory framework, Basel III.
Published In	Volume 15, Issue 1, January-June 2024
Published On	2024-06-08
Cite This	Managing Regulatory Change in Investment Banks: A Governance and Technology Perspective - Pratik Chawande - IJAIDR Volume 15, Issue 1, January-June 2024. DOI 10.71097/IJAIDR.v15.i1.1583
DOI	https://doi.org/10.71097/IJAIDR.v15.i1.1583
Short DOI	https://doi.org/g96dmf

View / Download PDF File

doi

CrossRef DOI is assigned to each research paper published in our journal.

IJAIDR DOI prefix is
10.71097/IJAIDR

Downloads

Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 16 Isu 2 Cover Page Vol 16 Isu 1 Cover Page Vol 15 Isu 2

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA

About IJAIDR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us	Message on WhatsApp	+91-9687-182-185	editor@ijaidr.com

Journal of Advances in Developmental Research

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Managing Regulatory Change in Investment Banks: A Governance and Technology Perspective

Share this