The financial services industry is experiencing dramatic transformation, challenging both regulators and financial services firms to keep pace.
The disruptions that faced all industries in 2020 will forever reshape the financial services industry. Notable among these are the accelerated use of online and digital technologies, the long term adoption of remote working practices and the demand for adjusted business and risk strategies as the world became a very different place. Together they have impacted all aspects of a financial services company’s physical and strategic operations, technology systems and data security, products and services, customer interactions, and third party relationships. With such change comes regulatory challenges and concerns which in 2021 will begin to set forth the future of regulatory: altering our view. Therefore we present our ten key regulatory challenges for 2021 and help answer the question: What are the steps I can take now to prepare
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