• Service: Topics, Financial Services Regulation
  • Industry: Financial Services, Banking
  • Type: White paper
  • Date: 30/05/2013

Moving on: The scope for better regulation in banking 

The priority of many governments and regulators since the financial crisis – particularly in the U.S. and Europe – has been first and foremost to make the financial system safe.

However, the waves of regulatory reforms seem to have taken economies beyond the 'tipping point' – the costs of ever more regulation have begun to exceed the benefits.


Regulatory reforms have exercised a substantial drag on economic growth, while their impact on the safety of the financial system remains uncertain.


This publication focuses on the cumulative impact of regulatory change for the banking sector on the wider economy – in particular, economic growth.


Key insights

  • Although much regulatory reform has already been hard-wired into E.U. and national legislation, there remains scope for adjustment.
  • Institutions must focus on culture, behaviour, higher standards of corporate governance, risk management, customer treatment and disclosure.
  • This will lead to regulators taking a less heavy handed approach and reduce overall burden of regulation.


Further information

View online articles on KPMG's global website.




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Financial services regulation

Financial services regulatory change
Regulation can involve change and complexity, however many organisations use regulatory to underpin business transformation and drive change.


KPMG’s Banking practice in Australia is well placed to help clients successfully navigate challenging times and capitalise on opportunities.