Increasingly onerous compliance procedures mean private bankers in Asia are able to process far fewer trades each day, with one industry source estimating that trades executable have declined by two thirds. “We didn’t use to have such stringent compliance procedures,” an industry source told Asian Private Banker, referring to the plethora of KYC and client suitability processes that relationship managers…
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Trades executable per day have “plummeted by two thirds” in Asia
31 August 2017
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