Australia

Details

  • Service: Advisory, Risk Consulting, Financial Risk Management, Topics, Managing Risk & Complexity, Financial Services Regulation, FATCA
  • Industry: Financial Services, Banking
  • Type: Business and industry issue
  • Date: 31/01/2013

Evolving Financial Services Regulation

Evolving Financial Services Regulation
This series discusses the regulatory challenges facing the financial services industry and provides insight on implications and issues to consider.

Evolving Banking Regulation: The journey continues (ASPAC Edition) 

It is clear that banks’ business models are being impacted by regulation – and in Asia this is becoming increasingly so. This report looks at the different stages of regulation development in the region, what issues are arising and what we think the banks should be doing.

Key insights

  • In Asia the three ‘hottest’ regulatory issues are currently capital, liquidity and FATCA.
  • Due to multiple markets at different stages of development, it is not going to be straightforward for those doing business in the region to meet all new regulatory requirements.
  • Foreign banks face a multitude of issues in Asia as a result of requirements from the international supervisory bodies, own national/regional supervisory bodies, and actions by host supervisors.
 

Banking

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