BS&T 2011 Executive Summit Report: Driving Growth In a Changing Industry
Another hurdle that is becoming increasingly difficult for bankers to traverse is regulation, and in the Executive Summit's keynote presentation, Kevin Petrasic (right), a partner in the global banking practice at law firm Paul Hastings, spoke about the CIO's role in responding to compliance challenges.
"Everything the bank CIO does today has regulatory implications," he said. "The role of the CIO comes down to thinking like a regulator." He stressed that while bank regulators' views aren't always right, banks must consider their views and try to understand what regulators don't understand.