Financial Markets Regulatory Outlook 2018
Bringing it all together
Although some regulatory authorities have publicly recognized the challenges of getting over the line in time, there is no room for industries to relax.
2018 has a concentration of regulatory deadlines, which in combination touch all sectors of financial services. There is MiFID II, PRIIPs, the EU Benchmarks Regulation, the Insurance Distribution Directive, the revised Payment Services Directive, and the General Data Protection Regulation.
The focus on meeting these in such a short space of time will come with a significant opportunity cost. Firms will not have been able to exploit the potential synergies that exist between several of these regulations, and have had to divert resources from other strategic priorities. In a number of areas, we are expecting some firms to have to undertake significant remediation work after the deadline to make compliance more efficient and effective.
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Inside Magazine Risk Global edition, February 2018
Inside is Deloitte’s quarterly magazine offering an exclusive insight into best practices, trends and opportunities faced by our clients across all industries.
Inside focuses on the main hot topics relevant for the market (Asset management, Banking, Insurance, Public sector, Healthcare, Private equity, Real estate, TMT, Manufacturing and consumer business, Transport and logistics).