Huge Costs and IT Complexity: Can Banks Rise to the Regulatory Challenge?

The capital reporting requirements of Basel III, along with other regulations such as MiFID II, FATCA and Dodd-Frank, are leaving banks between a rock and a hard place. The pressure on them to demonstrate transparency and rigorous risk management is great, but compliance with reporting regulators means huge investments and re-engineering of IT and data systems that are already complex. So should banks be re-thinking their regulatory compliance strategy?