Regulatory reform has clearly moved from the design to the implementation stage. This is not to say that all the details are in place. Indeed the flow of new regulatory initiatives at times seems both undiminished and overwhelming. But in most areas there is at least now a clear direction of travel, and in many areas sufficient details, to enable firms to up the pace of their own journeys to a viable and sustainable future.
KPMG member firms are helping many firms across the world on these journeys, dealing with a raft of regulatory pressures too long a list to repeat here, with capital, leverage, liquidity, recovery and resolution planning, capital markets, retail and wholesale conduct, governance, board and senior management responsibilities, and data quality all high up the list.
The journey ahead will be different for each sector: