Our annual assessment from Deloitte’s EMEA Centre for Regulatory Strategy explores how major regulatory trends will affect the financial services industry across EMEA in the year ahead, and how leaders can anticipate and respond to them effectively.
The 2022 edition of the Financial Markets Regulatory Outlook identifies ten cross-sector themes of strategic significance, and takes an in-depth look at three related spotlight topics - credit risk, regulatory divergence and the future of regulation.
Regulatory focus will turn to scrutinising transition plans that will deliver firms’ climate pledges. Regulators will continue to develop ESG disclosures and increase scrutiny of greenwashing and liability risk management.
Regulators will focus on addressing risks stemming from digital and business model innovation. Cryptoassets and digital payment firms must prepare for more intrusive supervision of their risks and control frameworks.
Policy needs to be put into practice as firms implement regulatory requirements and address operational vulnerabilities. International firms need to look for synergies across multiple regulatory requirements to drive consistency and efficiency regarding compliance.
Regulatory reform is changing the structure of European capital markets. Firms need to prepare for revisions to MiFID/MiFIR and possible reform to Money Market Funds, and make progress on IPU implementation.
Firms need to revisit their governance frameworks as they tackle the challenges of overseeing a more complex business environment and address heightened regulatory and social expectations in areas such as operational resilience, climate and diversity and inclusion.
As attention turns to tackling global issues such as climate change, firms must remain focused on ongoing regulatory initiatives - including LIBOR and resolvability - and address re-emerging concerns such as regulatory reporting.