Financial Services
Volatility in the financial markets has resulted in financial institutions struggling to maintain their growth and profitability. Alongside, the global economic slowdown has taken a toll on the Indian economy, pressurizing margins as well as the very sustainability of financial service companies. These dynamics call for the need to establish robust business models and ensure quality management.
The sector is now at a point of inflection undergoing multiple regulatory and reporting changes. One of the biggest challenges is the move , which includes strengthening bank capital requirements and adopting new regulatory requirements on liquidity and leverage. Together with the broader regulatory change agenda, is set to redraw the banking landscape. It will have a profound impact on profitability and force banks to transform their study level.
Another key transformation in the financial services industry is the transition. The landscape of financial reporting will be transformed with the adoption, ultimately leading to an impact on business decisions.
