Financial Services Regulatory Outlooks

2017 brought Brexit and a new U.S. political administration which led to significant uncertainty. We also saw pressures on the banking and life insurance sectors from sluggish economic growth and low interest rates in Europe and the U.S., and competition from new FinTech entrants. Looking ahead to 2018, most of these challenges and uncertainties remain.

Financial services firms need to be prepared to deal with the challenges of diverging regulatory frameworks. They will need globally coordinated approaches to understand overlaps, incompatibilities and potential synergies.

Technological innovation, aging populations, and climate change have all caught the attention of the regulatory and supervisory community as emerging risk areas. We expect some supervisors to begin to challenge boards, risk committees and senior management to demonstrate that they understand the impact on their customer bases, business models and risk profiles, and are set to take effective mitigating actions where needed.

While we expect some greater clarity about the regulatory outlook to emerge in 2018, the overriding challenge for firms remains coping with uncertainty. 

The Deloitte Center for Regulatory Strategy outlooks are designed to provide a clear view of the regulatory landscape and of the actions firms should be taking to respond to regulation. The regulatory outlooks available are:

Asia Pacific Financial Services Regulatory Outlook

For financial institutions in Asia Pacific, uncertainty and divergence are emerging as overarching forward themes for financial regulation. The key focal points in 2018 will be improving industry culture and conduct, individual accountability, and embedding customer centricity. Innovation, digital disruption, and cyber resilience will remain top of the Asia Pacific regulatory agenda. The article takes stock of these developments, looking at what we see as the top ten issues over the next year, going beyond the detail to provide context, implications, and insights into managing these risks.

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