Increasing regulation can drive new business for transaction bankers, says Deutsche Bank's Steinmueller

Werner Steinmueller, Member of the Group Executive Committee and Head of Global Transaction Banking, Deutsche Bank, used the keynote address at the BAFT-IFSA Global Annual Meeting for the Americas in Naples, Florida, to highlight the opportunities created by regulatory change.

In his keynote address titled, “No More Words: Time for Action!” Steinmueller emphasized the importance of adapting to a new regulatory environment.

“Never before has the transaction banking industry been impacted by such drastic change in a relatively short period of time. Legislation such as Dodd Frank, Basel III, FATCA and SEPA are driving change and need to be addressed head on,” Steinmueller said.

“These regulatory developments entail more than just challenges as they can also foster new business solutions and service models. Providers have the opportunity to help clients successfully navigate the increasingly challenging environment so that they can benefit from reduced costs, improved operations and tighter compliance controls.”

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