Despite the fact that HSBC has become the major banking and financial services providers and it has a brand name legacy in comparison with its rivals. Nevertheless, the corporation is going through challenges regarding the regulation of non-money threats so that is certainly why HSBC Expense billions of Bucks as fines due to non-economical challenges. In addition, the business have a conventional regulatory system but Mark Cook the Global head of operational danger is unsure concerning the general performance of the traditional method so, he needed to choose one possibility i-e regular and REGTECH. As a consequence of efficiency and sustainability troubles, Cook prefers REGTECH Solution to run a pilot test that have good sustainability and performance and also lower cost in comparison with the standard method.
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