The reporting team at TREASURY & RISK write, “The global financial crisis of 2007 drew attention to failures by financial services institutions to adequately manage their risks. Governments and regulatory bodies around the world have responded by issuing a spate of new laws and regulations, including the Dodd-Frank Act, the Basel III framework, and updates to the European Union's (EU’s) Markets in Financial Instruments Directive (MiFID) and European Market Infrastructure Regulation (EMIR).“

They continue, “In combination, these new guidelines will have a significant impact on how banks do business—which will necessarily impact their relationships with corporate clients. Treasury & Risk spoke with Takis Sironis, risk management senior principal with Accenture, to discuss what corporate clients can expect from their banks in the near future, and what they can do now to prepare.”

Read more in this interesting article here.