Banks find themselves in a period of transformation. Operating in an increasingly demanding business environment accompanied by rapid technological change, they must also update and streamline their regulatory and risk management operations. The search for a balance between managing legacy risk and fresh challenges arising from new digital landscapes continues. But it is now further complicated by the need to incorporate a much more varied set of dynamic and inter-related operational and non-financial risks, and to meet the enhanced expectations of supervisors, investors, clients and other stakeholders. This year’s regulatory outlook focuses on:
Environmental, social and governance (ESG) matters
Data and emerging technology
Ongoing key post-crisis measures, such as Basel III and Interbank Offered Rate (IBOR) transition
Join EY’s Global Regulatory Network (GRN) as they discuss the 2020 regulatory outlook and provide some regional insights.