Financial companies ‘must go extra mile’

Going the extra mile is crucial for financial companies to create competitive advantage, according to the deputy managing partner with Deloitte & Touche, Leon J Bloom.

Speaking yesterday at the Finance Dublin Conference, he said as the market accommodates multinational financial conglomerates, compliance regulation will similarly evolve.

“Companies will be forced to continually address risk and capital management practices in order to comply.

“I have no doubt that, over the next 20 years, we will see an even more sophisticated capital market model. This will likely have major implications for corporate and financial governance,” said Mr Bloom.