As a result of the widespread disruption caused by the global pandemic, supervisory agendas have evolved to place equal emphasis on financial and operational resilience, while continuing to monitor ongoing regulatory compliance. Although 2020 saw a number of enforcement dates pushed out to allow firms to deal with extraordinary levels of market volatility and shape their COVID-19 response, these delays have resulted in a congested change calendar for 2021-22.

The evolution of the regulatory landscape over the next 12-24 months will have significant commercial and operational impacts on the financial services industry that will require careful consideration. The financial services industry should seek to leverage regulatory change initiatives to achieve strategic objectives and improve overall competitive advantage. This should include unlocking new opportunities across Environmental, Social and Governance (ESG), sustainable finance and crypto-assets, as well as harnessing the power of digital transformation to drive regulatory compliance via regtech and data analytics, while continuing to build and maintain client trust.

To learn more on how your firm can best prepare for the path ahead, please contact Owen Jelf or Tej Patel.