We have devoted a great deal of effort in the years since the global financial crisis to trying to understand the fundamental changes impacting the financial services industry, and gauging how they might develop in the future.
Probably the two most powerful influences have been the pace and scale of change in the regulatory environment; and the continuing revolution being wrought by information technology, data and the digital economy. The pace of change and innovation in the industry is irrefutable and appears to be accelerating. Meanwhile the impacts of regulatory change and technological innovation are becoming linked in unforeseen and significant ways.
We have tended to look at these rather in isolation: each is having massive impacts on our business, and tracking their development is a major challenge. However, lately we’ve reached a new conclusion: the impacts of regulatory change and technological innovation are becoming linked in unforeseen and significant ways. This issue of Frontiers in Finance is dedicated to exploring this issue further.
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