In response to the financial crisis and against a backdrop of ever decreasing interest rates, financial institutions have been swamped by an array of new regulations in the past decade. This has had a profound impact on the sector, driving strengthened capital levels, increased attention to liquidity and stress testing and heavily scrutinised internal models, among other changes. The impact of these regulations, however, may pale in comparison to the impact of current technological and regulatory developments. Due to these developments, the financial services industry is faced with plenty of challenges, but they can also offer new opportunities.
For a start, the playing field is bound to change. The introduction of PSD2 is supporting FinTech companies, and BigTech companies like Facebook and Apple are entering the classical domain of banks by offering payment services. Financial institutions need to adapt to these new competitors. Next to that, the rise of Machine Learning and Artificial Intelligence may soon accelerate at unprecedented pace with Google’s recent breakthrough in quantum computing. Apart from all the opportunities this will offer, it will also intensify the need for strong model risk management, especially where black-box type of models are used. It will be interesting to see how regulators will respond to these developments to foster financial stability.
Join the Zanders Risk Management Seminar and discuss how to best prepare for the developments that will shape the financial services industry for the years to come.
January 23, 2020 – Pathé Tuschinski Amsterdam – 13:30 – 18:30h
The Zanders Risk Management Seminar is a free event. It is open to employees of financial institutions involved in risk management.
If you would like to attend this event, please register below.
Zanders reserves the right to decline a registration made by any person not part of the target audience.
Risk Management Seminar
1017 CN Amsterdam