Supervisors are keeping a very close eye on the effects that changes in regulatory requirements are having on banks and savings banks. And, indeed, we are seeing a considerable need for adjustment for many institutions, particularly in terms of their IT infrastructure.
This poses a challenge for smaller institutions, in particular, as they cannot exploit economies of scale to the same extent as their larger competitors. At the same time, the staff involved in implementing regulatory tasks are being asked to meet ever higher qualitative and quantitative requirements.