The unprecedented volume of global regulation is placing considerable demands on the change capacity of banks, exacerbated by the dangers of failing to effectively interpret the regulatory agenda and manage external stakeholder expectations.
The average project overrun is 24% of budget and schedule, although this number increases by a factor of ten in many of the larger, more complex projects facing ‘black swan’ risk events. Better planning and execution will allow banks to improve on poor delivery quality and reduce financial costs associated with programme overrun.
Unrelenting regulatory change will remain with us for the foreseeable future; a new approach to managing the resulting change is critical. Read our report to find out how to control the risks and costs of banking regulation.