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YouTube Short: What is the New Economy for Financial Institutions?

  • 1.  YouTube Short: What is the New Economy for Financial Institutions?

    Posted Mon September 23, 2024 05:00 AM

    In this clip, Dr. Ruth Wändhofer of Bayes Business School, explains what she feels regulatory requirements
    are no longer the center of the financial services economy, and what has replaced them. This clip is from Ep005
    of the Banking on the Cloud Podcast. 

    Watch the full episode now at https://ibm.co/4dSQ45n

    #financial-services, #Regulatory



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  • 2.  RE: YouTube Short: What is the New Economy for Financial Institutions?

    Posted Wed October 23, 2024 10:00 AM
    Edited by Weiyee In Wed October 23, 2024 10:02 AM

    Amusing video - thanks!! @Krista Summitt  While no one would argue these days that data is the center of attention, and the new "gold" etc... what Dr. Wändhofer argues makes is too myopic - her argument that "Regulatory requirements are no longer the central focus of the financial services economy" suggests that she has not spent enough time working in regulated financial institutions and dealing with those overseeing financial markets and institutions. The Federal Reserve Board, Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), FFIEC, ESMA, ECB, etc. and all of the regulations related to AI governance (@David Kliemann and team are dealing with) Cyber, Quantum, resilience (DORA and @Anne Leslie), etc. would beg to differ ... 



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    Weiyee In
    CIO
    Protego Trust Bank
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