The risk of non-compliance in the context of a banking business model
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Mar 22, 2017
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Abstract
The article is an attempt to identify the scope and nature of interactions that occur between the demands of compliance and business models of banks. Particular emphasis is placed on the challenges that are generated by the need for compliance in the context of the created value and its relationship with customer experience, and in the context of the management of the bank's operating model. Crucial contact points of business models and compliance audits have been identified. The Authors recognized as key tendency of changes the trend to reduce business complexity of financial entities, as well as the integration of compliance management with elements of the business model of banks and of treating it not only as an onerous restriction, but also as a stimulator of changes and the search for new solutions.
Keywords: bank; non-compliance risk; business model; operating model
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References
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Roengpitya, R., Tarashev, N. & Tsatsaronis, K. (2014). Bank business models. BIS Quarterly Review, December, 55-65.
Seppanen, M. (2008). Business model concept. Building on resource components. Tampere University of Technology. Publication, 745, 6.
Vagizova, V., Lurie K. & Ivasiv, I. (2014). Clustering of Russian banks: Business models of interaction of the banking sector and the real economy. Problems and Perspectives in Management, 12, 1, 83-93.
Yener-Altunbas, Y., Manganelli S. & Marques-Ibanez, D. (2011). Bank risk during the financial cirisis. Do business models matter?, ECB Working Paper Series 1394, November.
Banking, L. (1997). Ustawa z dnia 29 sierpnia 1997 r. Prawo bankowe (Dz. U. t.j. Dz.U. 1997 Nr 140 poz. 939) tekst ujednolicony opracowano na podst.: t.j. Dz. U. z 2012 r. poz. 1376, 1385, 1529, z 2013 r. poz. 777, 1036, 1289, 1567, z 2014 r. poz. 586, 1133, 1585 art. 9 i 9b. Last accessed http://isap.sejm.gov.pl/DetailsServlet?id=WDU19971400939 (09.04.2016).
Bischof, J., Daske H. & Gebhardt, G. (2011). Fair value accounting and the business model of banks. Unpublished working paper.
Blundell-Wignall, A., Atkinson, P. & Roulet, C. (2013). Bank business models and the Basel system: Complexity and interconnectedness, OECD Journal: Financial Market Trends, 2013, 2.
Cavelaars, P. & Passenier, J. (2012). Follow the money. Journal of Financial Regulation and Compliance, 20, 4, 402 – 416.
Chen, L., Danbolt, J. & Holland, J. (2014). Rethinking bank business models: the role of intangibles. Accounting, Auditing and Accountability Journal, 27 (3), 563-589.
Compliance and competitiveness. (2011). The Economist Intelligence Unit Limited, 9.
Compliance and the compliance function in banks. (2005). Basel Committee on Banking Supervision, Bank for International Settlements.
Dunford, R, Palmer, I. & Benveniste, J. (2010). Business model replication for early and rapid internationalisation –The ING direct experience. Long Range Planning 43, 655-674.
Eggert, M. (2014). Compliance management in financial industries. A model-based business process and reporting perspective. Springer International Publishing.
Ferstl, R. & Seres, D. (2012). Clustering Austrian Banks’ business models and peer groups in the European banking sector. Financial Stability Report, 24, 79-95.
Gomes, R., Regan, S. & Shorten, B. (2015). Be the disruptor, not the disrupted: Accenture 2015 compliance risk study. Accenture.
Gospodarowicz, A. & Nosowski, A. (ed.). (2012). Zarządzanie instytucjami kredytowymi. Wydawnictwo C.H. Beck, Warszawa.
Haan, J. & Bruinshoofd, A. (ed.). (2014). The value of banks and their business models to society. SUERF Study 2014/2, Vienna.
Kousgaard-Larsen, M., Lange Nissen, J., Lueg, R., Schmaltz, Ch. & Rojkjaer-Thorhauge, J. (2014). Can the business model of Handelsbanken be an archetype for small and medium sized banks?: a comparative case study. The journal of applied business research, 30, 3, 869-881.
Let’s make a difference: Managing compliance and operational risk in the new environment, 2013. PwC FS Viewpoint, August.
Losiewicz-Dniestrzanska, E. (2015). Monitoring of compliance risk in the bank. Procedia Economics and Finance, Elsevier, 26, 2015, 800-805.
Losiewicz-Dniestrzanska, E. (2016). Rola jednostki zapewnienia zgodnosci z regulacjami w procesie wprowadzania nowego produktu bankowego na rynek. Studia Ekonomiczne. Współczesne Finanse 5, Zeszyty Naukowe Uniwersytetu Ekonomicznego w Katowicach 275 2016, 107-118.
Losiewicz-Dniestrzanska, E. & Nosowski, A. (2013). Identification of critical success factors in short-term lender companies in Poland - a business model analysis. Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu, : 316, 90-102.
Makowicz, B. (2011). Compliance w przedsiębiorstwie, Oficyna Wolters Kluwer Business, Warszawa.
Nosowski, A. (2009). Procesowe aspekty kontroli zgodnosci w instytucjach finansowych. Rynek finansowy w erze zawirowań Karpus P, Węcławski J. (ed.), Wydawnictwo Uniwersytetu Marii Curie Skłodowskiej, Lublin, 623-624.
Nosowski, A. (2011). Reguły biznesowe w bankach i innych instytucjach finansowych. Finanse – nowe wyzwania teorii i praktyki. In: Bankowosc, Materiały konferencyjne Gospodarowicz A. (ed.), Prace naukowe Uniwersytetu Ekonomicznego we Wrocławiu, 252-261.
Nosowski, A. (2013). Modelowanie zorientowane biznesowo a kapitał intelektualny banku. Zarządzanie i Finanse, 1, tom 2, 406-417.
Nosowski, A. (2015). Upraszczanie bankowych modeli biznesowych – analiza wybranych tendencji, Annales UMCS, Sectio H Oeconomia, XLIX,4, Lublin, 435-444.
Osterwalder, A. & Pigneur, Y. (2010). Business model generation, 16-41.
Rekomendacja, M, dotycząca zarządzania ryzykiem operacyjnym w bankach. (2013). KNF, Warszawa.
Roengpitya, R., Tarashev, N. & Tsatsaronis, K. (2014). Bank business models. BIS Quarterly Review, December, 55-65.
Seppanen, M. (2008). Business model concept. Building on resource components. Tampere University of Technology. Publication, 745, 6.
Vagizova, V., Lurie K. & Ivasiv, I. (2014). Clustering of Russian banks: Business models of interaction of the banking sector and the real economy. Problems and Perspectives in Management, 12, 1, 83-93.
Yener-Altunbas, Y., Manganelli S. & Marques-Ibanez, D. (2011). Bank risk during the financial cirisis. Do business models matter?, ECB Working Paper Series 1394, November.