New EBA guidelines will come into force on 30 June 2021 Legal changes are a daily routine in finance A need to comply with all legal regulations is one of the key challenges faced by the finance sector. Various types of regulations affect activity of organisations offering accounts, deposits, loans or investment products. New laws sometimes lay down requirements, sometimes just recommendations. Adjusting to new regulations is often lengthy and costly, it requires changes to internal strategies, policies, and procedures. Those changes affect the entire organisation, from sales, through customer relations, through internal operations and risk, to IT departments. New…
Implementation of regulatory changes in lending
Implementation of regulatory changes in lending
