I believe that, in general, our financial industry is now strongly compliant. Unacceptable practices of earlier years, relating to taxation, have damaged the reputation of the industry. There is now an awareness and an acceptance, at senior management and board levels, of the need for greater emphasis on the proper conduct of affairs.
  Processes and databases for the areas of finance, control and risk need to be harmonised.   Increased automation of the data exchange processes with the supervisory authorities is required.   Fast and flexible implementation of supervisory requirements by business units and IT necessitates a modular and flexible architecture and appropriate project management methods.