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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Original Message:
Sent: Mon September 23, 2024 05:00 AM
From: Krista Summitt
Subject: YouTube Short: What is the New Economy for Financial Institutions?
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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