Evrard Bordier, managing partner & CEO, Singapore, Bordier & Cie shares his views with Asian Private Banker in the ‘Final Word’, a ten-part series where the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology.
Regulations & Compliance | What’s the essential tool you have or are planning to create that will help your firm tackle the uptick in regulatory stringency and scrutiny? Do you think that the compliance costs of your business have peaked?
We work with the best-in-class technology partners in order to build seamless services for our clients. Presently we are working on a new suitability tool that integrates our private banking relationship philosophy with regulatory demands. Along with robust research, we find that for a boutique firm like us, vendor support is the most important when it comes to choosing compliance and reporting tools. Essentially, we need to be agile to adapt and even preempt ever-changing regulatory demands. Compliance has not peaked as costs will continue to rise for as long as regulators aim to continuously build a robust framework.
Meet 2018’s industry leaders in the full round up of of Asian Private Banker‘s the Final Word 2018.