The global financial crisis of2007 drew attention to failures by financial services institutionsto adequately manage their risks. Governments and regulatory bodiesaround the world have responded by issuing a spate of new laws andregulations, including the Dodd-Frank Act, the Basel III framework,and updates to the European Union's (EU's) Markets in FinancialInstruments Directive (MiFID) and European Market InfrastructureRegulation (EMIR).

In combination, these new guidelines will have a significant impact on how banks do business—which willnecessarily impact their relationships with corporate clients.Treasury & Risk spoke with TakisSironis, risk management senior principal with Accenture,to discuss what corporate clients can expect from their banks inthe near future, and what they can do now to prepare.