KPMG Regulatory Horizons

KPMG Regulatory Horizons

The outlook for financial services regulation, October 2020

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Policy makers continue to be concerned about potential sources of systemic risk, including market infrastructure, evolution of the banking system and the role of investment funds.

There is also a strong sense of looking forward and seeking to do things differently and better, as evidenced in the articles on the European Commission’s digital finance package, its retail payments strategy and the second phase of Capital Markets Union. Sustainable finance and consumer protection are also front of stage. The ESAs’ latest business plans underline the wide supervisory agenda.

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