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Banking Industry Concerns and Automation Impact
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Wolters Kluwer's Regulatory & Risk Management Indicator survey reveals growing concerns in the US banking industry, attributed to factors such as regulatory fines and compliance hurdles. Automation is reshaping loan trading, promoting efficiency and customer-centric solutions in banking. The Bank of England plans to implement Basel 3.1, resulting in lower capital requirements for UK banks compared to their EU and US counterparts.
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How can the banking industry effectively address the growing concerns highlighted in the Wolters Kluwer survey?
How might the implementation of Basel 3.1 impact the global banking landscape and competition among countries?
What are the potential long-term implications of automation on the banking industry and its customers?
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