Impact of regulatory reform only 50% understood, warns KPMG's Topping
Asian institutions might not yet be feeling the effects of regulatory changes elsewhere, but reform in Europe and the US will eventually have an impact in the region, according to panellists discussing risk and regulations in 2011 at the SunGard City Day in Hong Kong on May 5.
"Only about 50% of what is going to happen is certain; there's still a lot to look out for," says Simon Topping, a partner at KPMG in Hong Kong and a former supervisor at the Hong Kong Monetary Authority.
Topping says
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