This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Rule Financial Paper Highlights New Accelerated Approach For Banks To Achieve Increased Operational Efficiency

LONDON, February 14, 2013 /PRNewswire/ --

Rule Financial, an independent provider of business consultancy, IT consultancy and IT services to the global investment banking community, today launches a paper outlining a new approach to help banks achieve increased operational efficiency.

Within global financial markets, year-on-year operational efficiency gains of 10-20% are rapidly becoming the industry standard. However, most organisations have already harvested the 'low hanging fruit' and are now finding it increasingly difficult to achieve their efficiency improvement targets. In light of this, in his new paper, ' An accelerated agile approach to sustainable cost reduction', Derek Perry (Specialist in Operational Processing and Design, Rule Financial) discusses how best to locate and harvest the 'hidden fruit' within the back office.

Amongst other things, the paper demonstrates how industry-wide regulatory reforms, such as EMIR, Dodd-Frank and Basel III, have necessitated a dramatic re-allocation of funds within financial institutions, adversely affecting the level of investment available for operational efficiency improvements. Furthermore, many of the most cost-effective and straightforward efficiency improvement methods have already been implemented. Perry is quick to point out that "standard approaches to improving operational efficiency concentrate largely on headcount reduction and moving operations to low-cost offshore locations. Although effective, these methods are limited in their scope and are ultimately unsustainable. In order for today's Operations Managers to consistently deliver the operational efficiency improvements demanded of them, it's clear that a fresh approach to operational efficiency is needed."

The paper identifies that often, much of the information required to enable improvements in operational efficiency resides within existing documentation and with existing operational staff; the challenge is that they and the organisation rarely have the capacity or understanding of the techniques required to connect and utilise this knowledge. What may not be visible from within an organisation can be quickly identified from the outside, using a range of flexible and agile techniques to identify sustainable new efficiencies.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs