As international problems emerge - as they will - knowing our counterparts abroad and trusting their judgment could be essential to resolving problems in a timely and orderly way. Conclusion The challenge of supervising global financial institutions is the challenge of the decade for supervisors.
Common among such inhibiting factors are poor strategic alignment between business and IT strategy, absence of appropriate and re-engineered business processes and delivery models, lack of project ownership, poor risk management, ineffective resource management. Time has come for banks to focus on these issues by going beyond CBS systems and thereby reap the full benefits of technology upgradation. 19.