Giles Williams, EMA Head of FS Regulatory Center of Excellence, talks about the future of regulation.
Since the financial crisis we have had years of policy and regulation that have affected the industry in different ways. The complexity of these issues is becoming increasingly more evident, and large institutions are challenged to be managed across borders. A new theme is beginning to take shape: “Nations come first”. We are seeing individual countries approaching financial services policy and regulation according to the needs of their own economy, the position of their country, and what they want to achieve from financial services. For multinational institutions having to meet the various demands of a multitude of different regulators, this is a tricky thing to land.
The volume of unfinished business is diminishing as more regulations are moving through the design and calibration stages to implementation.
Banking structure may need to strategically evolve to fully contemplate factors and the overall economic and commercial...
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