Numerous regulatory and strategic topics are on the agenda for banks, insurers and asset managers in the coming summer. In the current issue of Horizonte magazine, our experts provide an overview of relevant developments.
European Savings and Investment Union (SIU): Capital for Europe's future
The European Commission sees the SIU as a key initiative to channel savings more efficiently into productive investments. The aims are to improve citizens' access to capital markets and to increase financing opportunities for companies. The SIU builds on the action plans for the capital markets and banking union and is intended to promote investment in strategic EU objectives.
Omnibus Directive: Shaping sustainability pragmatically
With the "Omnibus I" package of measures, the EU wants to create a better balance between sustainability goals and economic competitiveness. This could result in far-reaching changes for the financial sector in particular: Banks, insurers and capital managers should therefore carefully analyse the potential impact on their sustainability strategies and disclosure obligations.
Thilo Kasprowicz
Partner, Advisory
KPMG AG Wirtschaftsprüfungsgesellschaft
Third-party risk management and the EU AI Act: two topics, one goal
With the AI Act, the EU created the world's first comprehensive legal framework for the use of artificial intelligence in August 2024. Many institutions are currently analysing the potential of AI and its integration into existing systems. The use of third-party applications is also becoming more and more of a focus and is placing new demands on ICT third-party risk management.
EU AI Act: insurance companies have a duty
Insurance companies are also required to critically review their existing and planned AI systems and adapt them where necessary in order to comply with regulatory requirements. The new regulations therefore have a direct impact on governance, compliance and technological strategies. Find out in our article what needs to be considered now.
T+1 processing: new speed, new complexity
The shortening of the settlement cycle to T+1 has far-reaching consequences for the securities business. Asset managers, banks and service providers are therefore now faced with the task of adapting their operational processes deep into the value chain.
Compliance risk analyses: requirements and best practices
Compliance risk analyses help to prevent regulatory violations at an early stage. Credit and financial services institutions as well as securities service providers should therefore implement methodically viable procedures. Our article highlights key requirements from BaFin's MaRisk and MaComp guidelines and provides examples of successful implementation in practice.
