In a bid to break from the shadows of the past, Deutsche Bank has radically restructured its operation by combining compliance and financial crime with risk management.
Lawyers found the move positive after Christopher Sewing, CEO, Deutsche bank told staff: "One thing is certain — we will not make any sacrifices when it comes to our control functions."
Rahman Ravelli's Legal Director Neil Williams recently spoke to Thomson Reuters Regulatory Intelligence about the move and how it could potentially allow the bank to be more dynamic and robust in its regulatory obligations.
His comment can be read here.
