The U.S. Treasury Department has been considering implementing new bank security rules that would strengthen data security at banks and brokerage firms.
Banks have come under increasing pressure from regulatory agencies regarding timely submission of documents in support of financial examinations.
While R&R time is most certainly appreciated by employees, what does this mean for the M&A pipeline? One thing is for sure – banks will not and cannot lower their expectations or profitability goals to compensate for time off.
"One key theme at the AM&AA Conference was the importance of deal sourcing platforms such as Dealnexus," said Kevin Doyle, manager of Intralinks Dealnexus™.