Connect with us

Banking

STRUCTURAL REFORM OF BANKING TO DOMINATE FINANCIAL SERVICES REGULATION IN 2014

Structural reform of banking

– Deloitte Centre for Regulatory Strategy identifies the top 10 regulatory themes for next year

Structural reform of banking

Structural reform of banking

Structural reform of the banking sector will be one of the key regulatory themes of 2014, according to Deloitte, the business advisory firm.

The Deloitte Centre for Regulatory Strategy has identified the top 10 regulatory changes that will affect banks, insurers and investment managers next year. The themes are included in the Centre’s latest report – ‘Our Outlook for financial markets regulation and supervision’ – and include:

  • Restructuring the (rest of the) financial system
  • Capital and liquidity
  • Wholesale conduct risk
  • Banking union
  • Operational risk
  • Putting customers first through better conduct and culture
  • Individual accountability
  • Competition
  • Managing regulatory change in an extraterritorial world

David Strachan, co-head of the Deloitte Centre for Regulatory Strategy, said:

“Six years have passed since the start of the financial crisis. Banks, insurers and other financial services companies are having to deal with a fundamental overhaul of regulation and supervisory approaches – but the sobering fact is that the job is by no means done.

“2014 will be a busy year.  Banks will need to implement the new capital and liquidity framework, and the ECB will be intent on establishing a new European supervisory regime. Closer to home, conduct risk in both the wholesale and retail sector will remain at the top of the agenda. Over-arching this, a multitude of new regulations will require banks to re-engineer their legal entity structure and change the way they operate across borders.”

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now