close
Share with your friends

Ten key regulatory challenges of 2020

Ten key regulatory challenges of 2020

Financial services risk across business imperatives.

1000

Key Contact

elaine-mccormack

Senior Manager, Risk Consulting

KPMG in the Isle of Man

Contact

Also on home.kpmg

Ferris wheel

2020 brings a new decade of business change that will be directly confronted with regulatory and policy mandates of fairness, safety, and protection.

KPMG Regulatory Insights evaluates how, in 2020, five business imperatives—technology transformation, customer interaction, payments modernisation, market expansion, and cost efficiencies—will force new and differing regulatory risks and concerns. Links provided throughout also showcase KPMG’s thought leadership and forward-looking perspectives.

Ten key regulatory challenges of 2020

The Key Regulatory Challenges of 2020 include:

1. Geopolitical change: Expect disruption and embrace business change

2. Divergent regulation: “Merge the diverge” with both enterprise and localized needs

3. Data protection and governance: Protect your data as the asset that it is

4. Operational resilience: Plan for the unexpected operational impacts, they will happen

5. Credit quality: Apply the learnings from prior credit cycles

6. Capital and liquidity shifts: Easing buffers doesn’t mean weakening risk management

7. Compliance agility: Solution now for agile and streamlined compliance

8. Financial crime: Innovate, but not at the cost of increasing risks of financial crimes

9. Customer trust: Remember that you are in the business of customer trust

10. Ethical conduct: Do the right thing, even when no one is looking

The term Partner refers to a member of KPMG LLC / KPMG Audit LLC.

© 2020 KPMG LLC, an Isle of Man limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal