Latin America and Caribbean (LATAM) financial sector regulatory outlook 2019

The 2019 Latin American and Caribbean (LATAM) financial sector regulatory outlook is the inaugural publication of the LATAM Center for Regulatory Strategy (LCRS) and dissects the key regional regulatory trends the financial services industry will need to monitor and address in 2019.

Two important themes that permeate through each regulatory topic in this outlook are technological disruption and a need for comprehensive risk management practices and culture. Many financial institutions have tried to patchwork solution bought approaches to the new risks and threats they are facing, such as cyber threats, financial crime, data protection, among others. While this approach may work in the short term, a reevaluation of the financial institution’s risk management framework and culture is necessary to develop a comprehensive and strategic approach. A critical component to this reevaluation must be the new opportunities brought by digital transformation in the industry. The newly powerful fintech sector, artificial intelligence, cognitive technology, robotic process automation, and others must be considered to capture the benefits and transform obsolete risk management models.

The outlook offers key information and insights on some of the most critical regulatory and supervisory topics for 2019, examining how areas such as risk culture, market conduct, cyber-risk, fintech, Basel III implementation, financial crimes, data protection, and risk-based-supervision are becoming increasingly imperative when addressing regulatory priorities and competitive demands.

Read the outlook to see how these trends may impact your business.