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Although HSBC is without doubt one of the largest banking and financial services providers and has a brand legacy compared to its rivals. Nevertheless, the company is experiencing difficulties concerning the regulation of non-fiscal threats so which is why HSBC cost billions of Dollars as fines as a result of non-monetary challenges. Additionally, the company have a traditional regulatory process but Mark Cook the Global head of operational possibility is undecided with regard to the effectiveness of the traditional procedure so, he had to pick one possibility i-e common and REGTECH. Resulting from performance and sustainability difficulties, Cook dinner prefers REGTECH Solution to run a pilot check which have terrific sustainability and efficiency together with lower Price tag in comparison with the normal method.
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