2020 Regulatory Agenda - Top priorities
A snapshot of the regulatory agenda at your fingertips for the EU & Luxembourg
While COVID-19’s impact on the investment management industry is not nearly as high a priority as protecting people’s health and well-being, it is still important for investment professionals to learn from these challenges. Eventually, when people turn their attention to their investments, they will likely hope that their investment professionals were diligently working to safeguard their portfolios during these turbulent times.
Deloitte team would like to help you track relevant financial regulation changes, linked to COVID-19 and as well the regulatory topics that are interesting for your respective industries.
Just as the financial sectors speed up and become more and more digital every year, in 2020 we decided to revamp the format of the Deloitte Regulatory Agenda. To help visualize Deloitte’s selection of top regulatory priorities for 2020, we are pleased to offer you the seventh edition of our regulatory agenda poster.
As in previous years, the financial sector is inundated with regulations that will take centre stage in 2020. Some new, some old but all will continue to challenge the banking, investment management and insurance sectors.
Herein, you can see which regulations will have an impact on your organization, their significance, the outcomes, and respective timelines.
2020 Regulatory Agenda
Your monthly regulatory update
This year, the Deloitte Regulatory Agenda becomes interactive to bring you monthly updates.
Check them out below.
For this month of May, the regulatory poster update wanted to focus your attention on the new Luxembourgish law that transposes the obligations to have a centralised database of bank accounts (IBAN), it should be up and running by September 2020 and would require cleansing and management of data by entities concerned, to know more check out the PDF.
As we enter the second quarter of 2020, April is the ideal month to update our regulatory poster and analyze our necessary deviation from the linear agenda that was originally planning our year. The COVID-19 situation has, of course, altered many plans and in the following update, we would like to emphasize three main points for your attention:
- An overview of measures taken to combat the financial effects of COVID-19 (until mid April 2020)
- A reminder that although the COVID-19 situation takes much of our time, it does not obviate every other piece of regulation
- Short-term areas of action.
Check out the latest updates to the regulatory poster and don’t forget to watch the new video clip. This March, our regulatory expert and Partner at Deloitte Luxembourg, Laurent Collet, shares his views and highlights on the new reporting requirements.
Take a closer look at how the EU Commission is working to tackle the double challenge of climate change and digital transformation. This update examines the initiatives and commitments planned for this new Commission’s first 100 days.