Banks are generally moving from the evaluation of regulatory initiatives to implementation, albeit at different speeds and from different starting points.
In this year’s report, we focus on four key areas where regulation, combined with other pressures, is forcing banks to make significant changes. These are structure; conduct, markets and culture; data and reporting; and risk governance.
Giles Williams, EMA head of KPMG’s financial services regulatory centre of excellence, commented:
“The problem is that while we are on a journey, no one knows the final destination. The goalposts are constantly changing and additional layers of complexity keep piling up from regulators with differing agendas and conflicting timeframes.”
If there are any issues you would like to discuss further, please contact Alison Beck.
Evolving Banking Regulation 2014 - Executive Summary