Financial market volatility has led financial institutions to struggle to preserve their development and profitability. In addition, the worldwide economic slowdown has taken on the Indian economy a toll, pressurizing margins as well as financial service companies ‘ very sustainability. These dynamics require solid business models to be established and quality management to be ensured.
The industry is now experiencing numerous regulatory and reporting modifications at an inflection point. One of the major problems is moving to Basel III, which involves reinforcing bank capital demands and adopting fresh liquidity and leverage regulatory demands.
Basel III is set to redraw the banking landscape in conjunction with the wider legislative change agenda. It will have a deep effect on profitability and will force banks to change their business models. The shift to IFRS is another important transformation in the financial services sector. With the implementation of IFRS, the financial reporting landscape will be converted, eventually resulting in an effect on company choices.
Whether it’s market entry, financial regulations, or business planning and strategy, We at HSAG, have the knowledge, relationships and team of experienced industry experts and other professionals to provide you end-to-end solution in managing complexity and challenges posed by the dynamic environment in this financial services sector.