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The recent installation of strict compliance standards and heightened regulatory scrutiny have brought about substantial changes to the global financial sector. This study looks at the opportunities and difficulties that multinational financial organisations have when negotiating the intricate regulatory landscape. The paper examines how regulatory requirements affect financial institutions' operations, risk management, and profitability by utilising empirical research and industry perspectives.
It also looks at how technology is developed to help with compliance procedures and improve regulatory effectiveness. The possibility for financial institutions to use regulatory compliance as a tactical advantage in establishing credibility, boosting trust, and promoting sustainable growth is also covered in this article.
Global financial institutions may reduce risks, build resilience, and take advantage of new possibilities in the ever-changing regulatory landscape by tackling major regulatory obstacles and embracing creative compliance solutions.
Deregulation, technology advancements, and globalisation have caused significant changes in the financial services and intermediation sectors over the past 20 years. The framework for regulating finance has seen numerous modifications as well, with strategies changing to address new problems that emerge internationally or in particular groupings of countries.
"FINANCIAL INSTITUTIONS: PROSPECTS AND DIFFICULTIES IN GLOBAL FINANCIAL REGULATION AND COMPLIANCE", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.9, Issue 4, page no.870 - 874, April-2024, Available :http://www.ijrti.org/papers/IJRTI2404120.pdf
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator