Conflicting regulatory regimes a key concern

According to a report by software and technology provider DST Solutions, 42% of  bank professionals surveyed among international, regional, and local private banks and consumer banks in Hong Kong and Singapore named regulatory restrictions as their biggest challenge around client data management.   Daniel Kennedy, Regional Head of Solutions (Asia), explained the need for wealth managers to adapt continuously to upcoming regulatory change. "Just this last week alone, the Monetary Authority of Singapore proposed changes that will require banks to further bolster operational standards and...