
Future Data-Driven Regulation – White Paper
Future Data-Driven Regulation – White Paper by Philip Treleaven and Sally Sfeir-Tait
Banks spend $270 billion per year on compliance; some 10 percent or more of operating costs . The global cost for the financial services sector is probably $trillions. Consequently, governments increasing see ‘data-driven’ automation as essential for efficient/effective regulation and conferring competitive economic advantage.