An incessant torrent of regulation, divergent approaches by different regulators and the practical difficulty of ensuring compliance by employees spread across different locations have created major challenges for senior management in the financial services industry. This has all come at a time of economic stagnation, leading to substantial retrenchment by many financial institutions. With legal cutover to the new UK regulatory regime planned for 1 April, 2013 is set to be another year of uncertainty for the financial sector. Regulatory reform is never straightforward, but the new authorities will come into existence during a period of profound change in the global regulatory framework. The top challenges for participants delivering financial services are reviewed in this white paper.
More on Regulation
Greater flexibility welcomed, but problems may remain for mortgage lenders
FCA investigating delays and handling of mis-selling cases
China is one of only two Asian countries with G-Sibs – but unlike Japan its banks can sidestep TLAC
Banks face loss of attractive source of dollar funding
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.