Review of international supply chain risk within banking regulations in Asia, US and EU including cost efficiency proposals

  • Major financial institutions operate in different regions of the world facing different regulatory landscapes for Supply Chain risks. In this environment, the optimization issue arises how to best comply with the different regulations and reaching cost efficiency at the same time. In this research, the international regulatory landscape for Supply Chain risks of Financial Institutions is introduced and compared internationally. It is understood as an integral part of Supply Chain Risk Management of Financial Institutions, yet the latter is analysed as the research background. Additionally, expert interviews are conducted in order to link the regulation analysis to the current challenges that Financial Institutions face. Finally, recommendations are developed on how banks can be cost efficient, while remaining regulatory compliant, facing increased international regulation in the area of Supply Chain Risk Management. The outcome of the underlying research shows that banking regulation in the area of Supply Chain risks is an important lever in the banking sector to secure customers and financial markets. However, the regulatory landscape is heterogeneous and not consistent on an international scale. Regulation in Asia is highly diverse across different countries due to different states of economic development. The US applies a rather pragmatical approach towards supply chain risk regulation applying different standards of standard setting institutions. Lastly, the EU is very restrictive and strives to unify regulation across member states. Banks should follow a consistent management approach keeping in mind international locations and the strictest regulatory environment they are operating in, to improve cost efficiency yet being regulatory compliant. Also, collaboration with and amongst regulators and other banks internationally is recommended for improved cost efficiency.

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Verfasserangaben:Vanessa Seipp, Alex Michel, Patrick SiegfriedORCiD
URN:urn:nbn:de:hbz:tr5-1958
DOI:https://doi.org/10.4236/jfrm.2020.93013
Titel des übergeordneten Werkes (Englisch):Journal of Financial Risk Management
Verlag:Scientific Research Publishing
Dokumentart:Wissenschaftlicher Artikel (Fachzeitschriften)
Sprache:Englisch
Datum des OPUS-Uploads:09.01.2023
Datum der Erstveröffentlichung:24.09.2020
Veröffentlichende Hochschule:Hochschule Trier
Datum der Freischaltung:09.01.2023
Freies Schlagwort / Tag:International Banking Regulation; Outsourcing; Supply Chain Risk Management
GND-Schlagwort:Supply Chain Management; Risikomanagement; Bankpolitik; USA; Europäische Union; Asien
Jahrgang:9
Ausgabe / Heft:3
Seitenzahl:23
Erste Seite:229
Letzte Seite:251
Einrichtungen:FB Bauen + Leben
DDC-Klassifikation:3 Sozialwissenschaften / 33 Wirtschaft
Lizenz (Deutsch):License LogoCreative Commons - CC BY - Namensnennung 4.0 International