Article
2024 Asia Pacific Financial Services Regulatory Outlook
Published: 8 February 2024
The Asia Pacific (AP) region enters 2024 with a steady economic recovery supported by a resilient financial market. However, it also faces various risks that must be carefully navigated. Geopolitical conflicts, interest rate trajectories, and vulnerabilities in the real estate sector pose uncertainties and potential disruptions to economic stability. Additionally, whilst technological innovations such as artificial intelligence, and the rising popularity of digital banks can provide efficiencies, convenience and accessibility, they bring with them new risks that require closer regulatory scrutiny, especially in areas of cybersecurity and operational resilience, as well as ethical considerations.
Moreover, climate change continues to present ongoing risks to the AP financial market. The transition to a green economy and the need for enhanced sustainability reporting and climate-related risk management are crucial, will continue to be key themes in 2024. In the face of these challenges, the AP region must proactively manage risks, adapt to changing circumstances, and strike a balance between innovation and risk management.
Join us as we explore the opportunities and risks that lie ahead for the AP region in 2024. By addressing these challenges head-on and complying with regulatory and community expectations, we can help to ensure long-term recovery and stability in the financial sector.
Recommendations
2022 financial services industry outlooks
Banking, commercial real estate, insurance, and investment management