While the COVID pandemic continues to dominate headlines and business priorities globally, the regulatory clock continues to tick inexorably on multiple fronts.
The IBOR transition, CSDR, MiFID, Basel enhancements, FRTB and MiCA alongside a spectrum of more local rules are front of mind for financial institutions as we pass the midpoint of 2021 – and firms’ need to plan for implementation and compliance is only growing more pressing with every passing month.
Add Brexit-related equivalence, the ongoing proliferation in digital assets and cybercrime, operational resilience needs and ESG-related considerations and clearly a potentially bumpy ride lies ahead for impacted institutions.
Accordingly, firms globally are increasingly looking at their overall operating model – across both financial and non-financial regulatory reporting – to establish a clear vision of the end state and so be better positioned to respond to future regulatory obligations.
To find out more, download the latest edition of the Regulatory Horizon Newsletter.