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Review of International Supply Chain Risk Within Banking Regulations in Asia, US and EU Including Proposals to Improve Cost Efficiency by Meeting Regulatory Compliance

Author

Listed:
  • Seipp, Vanessa
  • Michel, Alex
  • Siegfried, Patrick
Abstract
Major financial institutions operate in different regions of the world facing different regulatory landscapes for Supply Chain risks. In this environment, the optimization issue arises how to best comply with the different regulations and reach cost efficiency at the same time. In this research, the international regulatory landscape for Supply Chain risks of Financial Institutions is introduced and compared internationally. It is understood as an integral part of the Supply Chain Risk Management of Financial Institutions, yet the latter is analysed as the research background. Additionally, expert interviews are conducted in order to link the regulation analysis to the current challenges that Financial Institutions face. Finally, recommendations are developed on how banks can be cost-efficient, while remaining regulatory compliant, facing in-creased international regulation in the area of Supply Chain Risk Management. The outcome of the underlying research shows that banking regulation in the area of Sup-ply Chain risks is an important lever in the banking sector to secure customers and financial markets. However, the regulatory landscape is heterogeneous and not consistent on an international scale. Regulation in Asia is highly diverse across different countries due to different states of economic development. The US applies a rather pragmatical approach towards supply chain risk regulation applying different standards of standard-setting institutions. Lastly, the EU is very restrictive and strives to unify regulation across member states. Banks should follow a consistent management approach keeping in mind international locations and the strictest regulatory environment they are operating in, to improve cost efficiency yet be regulatory compliant. Also, collaboration with and amongst regulators and other banks internationally is recommended for improved cost efficiency.

Suggested Citation

  • Seipp, Vanessa & Michel, Alex & Siegfried, Patrick, 2020. "Review of International Supply Chain Risk Within Banking Regulations in Asia, US and EU Including Proposals to Improve Cost Efficiency by Meeting Regulatory Compliance," MPRA Paper 111579, University Library of Munich, Germany, revised 23 Aug 2020.
    • Handle: RePEc:pra:mprapa:111579
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    File URL: https://mpra.ub.uni-muenchen.de/111579/1/MPRA_paper_111579.pdf
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    References listed on IDEAS

    as
    1. Pietro Alessandrini & Michele Fratianni & Alberto Zazzaro, 2009. "The Changing Geography of Banking and Finance: The Main Issues," Springer Books, in: Alberto Zazzaro & Michele Fratianni & Pietro Alessandrini (ed.), The Changing Geography of Banking and Finance, edition 1, chapter 0, pages 1-11, Springer.
    2. William Ho & Tian Zheng & Hakan Yildiz & Srinivas Talluri, 2015. "Supply chain risk management: a literature review," International Journal of Production Research, Taylor & Francis Journals, vol. 53(16), pages 5031-5069, August.
    3. Alberto Zazzaro & Michele Fratianni & Pietro Alessandrini (ed.), 2009. "The Changing Geography of Banking and Finance," Springer Books, Springer, edition 1, number 978-0-387-98078-2, December.
    4. Carmen Weigelt, 2009. "The impact of outsourcing new technologies on integrative capabilities and performance," Strategic Management Journal, Wiley Blackwell, vol. 30(6), pages 595-616, June.
    5. Blome, Constantin & Schoenherr, Tobias, 2011. "Supply chain risk management in financial crises--A multiple case-study approach," International Journal of Production Economics, Elsevier, vol. 134(1), pages 43-57, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    International Banking Regulation; Supply Chain Risk Management; Outsourcing;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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