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How can regulation keep up as banking transformation races ahead?

Our 2022 Global regulatory outlook has seven focus areas for regulators and banks as the scope and speed of transformation intensifies.

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What EY can do for you

The GRN, along with EY risk and compliance consulting professionals, helps the C-suite and board-level bank executives respond to constantly changing financial and nonfinancial risk management, operational and governance requirements. In times of crisis, such as we’re experiencing now with the COVID-19 pandemic, the GRN advises financial institutions, as well as governments and regulators, on what actions they can take to mitigate the financial impact of the crisis.

The GRN helps clients to:
  • Understand the global, regional and local regulatory agendas
  • Identify what’s next and beyond and prioritize issues
  • Improve risk and compliance management frameworks, and the allocation of resources
  • Be vigilant on matters of accountability and governance
  • Build positive dialogue and relationships with regulators
  • Link the risk and regulatory environment to the wider geopolitical landscape

Navigating regulatory trends for 2022 and beyond

The Global Regulatory Outlook 2022 gives firms a sense of the direction of regulatory travel in seven areas that we believe will shape regulation and policy. It also includes actions for firms as they grapple with the dual responsibility of responding to the impact of COVID-19 crisis while addressing new and existing policies at the frontiers of technology, environmental, social and governance (ESG) measures and other factors.

Areas that will shape regulation and policy:
  • Expansion of regulatory priorities beyond financial stability to include the social agenda
  • The impact of climate risks on financial stability and the regulatory response
  • The changing regulatory perimeter to address crypto and big tech
  • New challenges arising from the digitalization of financial services
  • Collaboration on ecosystem infrastructure and a prudential approach
  • Geopolitical risks and regulatory fragmentation
  • An urgent need for greater organizational agility

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