Compliance Challenges in Banking
Deutsche Bank's Group Chief Compliance Officer, Graham Kent, warns that diverging and complex financial rules risk creating a "minefield" for major banks.
According to Kent, "intensifying regulatory complexity" is now "one of the key challenges" facing these institutions.
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- A slow risk culture is leaving legacy institutions behind.
- Fraud minister Lord Hanson expects the long-awaited strategy to be published in early 2026.
- The FCA, PRA, and Treasury acknowledge the need to support fast-growing fintechs.
"intensifying regulatory complexity" is now "one of the key challenges" facing major banks.
Author's summary: Compliance risks turning into a minefield for banks due to complex rules.
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