What’s in a name? Why consistent financial product classification and identification is vital for reporting efficiency and risk reduction

The financial market is now at a breakneck pace of regulatory, internal management and disclosure change. Financial institutions are spending too much time on compliance and too little on managing and growing their core business. Given this context, how can firms reduce the effort it to takes to make changes that may be necessary, but which are not driving real business growth?

This paper explores how firms can become more consistent, more efficient, more compliant, less exposed to risk – and save time and money along the way.

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About the author

I have over 30 years experience with change initiatives as a banker, vendor and consultant