Three major trends that produce risks for financial markets and priorities to adress these risks | Regulatory Risk | Deloitte

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Deloitte's Regulatory Watch

How to maintain control over upcoming legislation 

European financial and banking legislation is changing at an ever-increasing pace. Timely detection of upcoming legislative and supervisory changes is necessary to be able to remain compliant. The Deloitte's Regulatory Watch approach helps you capture relevant forthcoming and supervisory changes, making compliance risk lower than ever.

Unprecedented regulatory and supervisory developments

Your business, as part of the European financial sector, is facing a period of unprecedented regulatory and supervisory developments, in terms of the number of new initiatives, changes to existing legislation, their complexity and the interaction between different regulations.

What has changed recently in the legislative landscape?

The start of 2018 has been marked by the introduction of for example PRIIPs, MiFID II/MiFIR, IFRS 9, IDD, PSD2. These introductions were preceded by months of mapping out the relevant regulation for your company, assessing the impact on your business model as a result of those legislative changes and – last but not least – the implementation of necessary adjustments of controls to remain in compliance. The next challenge is planned for CRR2/ CRDV, and subsequently the guidelines in relation finalization of Basel III, and its conversion in CRR3/ CRDVI.

Regulatory overview: a must

For many institutions there is still a lot of work to be done. Not only when it comes to the GDPR. Being compliant offers an advantage over all those market parties that lag behind. Deloitte’s view is that capturing regulatory and supervisory developments, identifying priorities, assessing impacts and capitalizing on optimization opportunities are key for business success and provide an opportunity to improve your business’ controls.

"Capturing regulatory and supervisory developments, identifying priorities, assessing impacts and capitalizing on optimization opportunities are key for business success"

Deloitte's Regulatory Watch

The Regulatory Watch is an innovative approach that helps you capturing and addressing relevant forthcoming regulatory and supervisory changes well in advance and helps you prioritize on the changes that are most important to your business. A number of specialised professionals, keep track on regulatory and supervisory trends and are able to explain and prioritize this relevant in the context of your business model. Using the Deloitte Regulatory Watch approach is leveraging on the economies of scale we offer to the industry.

Maintain in control over upcoming legislation

Deloitte can help you! The Regulatory Watch is an innovative tool that helps you capturing and addressing relevant forthcoming regulatory and supervisory changes well in advance and helps you prioritize on the changes that are most important to your business.

More information?

For more information about the Regulatory Watch? Please contact Eelco Schnezler, Richard Bakkers or Guido Wittenberg via the contact details below. 

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