2.1. What is your view on what the bank of the future may look like? Briefly...

  

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2.1. What is your view on what the bank of the future may look like? Briefly describe the distinguishing features of its activities compared to 'traditional' banks. [5 marks] Based on the nature of the bank of the future's activities that you have portrayed above, identify and describe the risks the bank is likely to face compared to 'traditional' banks. Your answer should differentiate between 'traditional' and 'emerging risks'. [5 marks] Under the Basel III finalisation, the Basel Committee has eschewed the Advanced Management Approach for operational and technology risk management. Briefly discuss the main reason for this change. [5 marks] 2.2. 2.3. 2.1. What is your view on what the bank of the future may look like? Briefly describe the distinguishing features of its activities compared to 'traditional' banks. [5 marks] Based on the nature of the bank of the future's activities that you have portrayed above, identify and describe the risks the bank is likely to face compared to 'traditional' banks. Your answer should differentiate between 'traditional' and 'emerging risks'. [5 marks] Under the Basel III finalisation, the Basel Committee has eschewed the Advanced Management Approach for operational and technology risk management. Briefly discuss the main reason for this change. [5 marks] 2.2. 2.3.

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21 The bank of the future is likely to be characterized by a strong emphasis on digitalization innovation and customercentricity Unlike traditional ba... View the full answer