Regulation continues to be a key driver of the strategic agenda for financial services firms. The COVID-19 pandemic impacted work plans, with delays, re-prioritisation and new issues. However, regulators are now progressing existing and new priorities, particularly in the areas of systemic risk, consumer protection, sustainable finance and technology/digitalisation.

Regulation in the new reality

Challenging economic conditions, the need for financial stability and operational resilience, changing consumer demands and behaviours, and environmental and social concerns are influencing regulatory agendas around the globe.

Regulators are prioritising a sustainable recovery and the adjustment to an increasingly digital world whilst also focusing on the review and development of regulatory frameworks, in response to challenges such as Brexit, capital markets and banking union and the evolution of cryptocurrencies.

A global perspective

The EMA Centre is part of a global network of KPMG Insight Centres providing:

• insights into the regulatory agenda and issues, market developments, and the challenges to strategy, business model and operating procedures
• access to KPMG professionals across the world who understand regulation, supervision and the implications for management, the board and customers
• experienced advisers who offer pragmatic solutions to complex regulatory issues
• regular updates on key developments.