New GFT research reveals 82 per cent of organisations in the global investment banking community are failing to capitalise on regulation to drive strategic investment and business change. Fifty three per cent of the organisations surveyed view regulatory projects as compliance or box-ticking exercises, whilst only 18 per cent of see regulation as an opportunity to push things forward.

The research involved 66 organisations across capital markets, including global and domestic investment banks and CCPs (Central Counterparties) from the UK, mainland Europe, North America and Asia. Ninety five per cent agreed that their organisation now operates in ‘The New Normal’, a constant state of regulatory change, while 89 per cent think their organisation has already gone past a tipping point in attitude and approach.

Gareth Richardson, UK MD at GFT, comments: “Banks realise that being aware of and prepared for regulatory change is the only way to effectively manage it. But, based on GFT’s extensive experience advising the top global investment banks, we know that to gain a competitive advantage in ‘The New Normal’ environment, banks must go beyond compliance and approach regulation strategically rather than tactically. In order to succeed in ‘The New Normal’, banks need to fundamentally change their operating models, and be flexible to the deluge of new regulatory change being imposed on them.”

To download the full results, visit: http://www.gft.com/newnormal

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