Compliance

03:14 PM
Kathy Burger
Kathy Burger
Slideshows
Connect Directly
Google+
Twitter
RSS
E-Mail
50%
50%

Top Quotes from SWIFT Operations Forum Americas 2013

Seven insights about regulatory compliance from the recent SWIFT Operations Forum Americas.
Previous
4 of 7
Next


4. Compliance Is Good Business

We shouldn’t be thinking about this as a regulatory burden, it’s just good business practices. The challenges are the diversity of regulation and regulators. A paradigm shift we need is to look for standards. We need to help drive standards [and] leverage SWIFT as a gateway to do that. We’ll spend millions a year as an industry to try to keep up with the regulatory agenda. What do regulators want and how do we give it to them in a more useful format?

--Lee Fulmer, Managing Director, CTO Cash Management,

 

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

Previous
4 of 7
Next
Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology - August 2014
Modern core systems are emerging as the foundations of effective channel integration and customer engagement initiatives.
Slideshows
Video