January 2024
The H2 2023 edition of the KPMG Regulatory Barometer found no let-up in the regulatory intensity facing the financial sector in the UK and EU, as firms continue to navigate change and challenging conditions.
In 2024, elections in the UK and EU will result in efforts to finalise existing policy work before activity slows and politicians turn their attention to campaigning. Against a backdrop of continuing geopolitical tension and economic uncertainty, this is likely to make for a challenging year ahead.
Firms should use the new year as an opportunity to review their regulatory change portfolio, consider whether their approach is complete and appropriate, and identify areas that require greater focus and expertise.
In this article, KPMG EMA Financial Services Regulatory Insight Centre specialists share high-level views on the key regulatory themes and likely developments in 2024.
See below for sector-specific insights, as well as takeaways for cross-cutting themes including Consumer Duty, ESG and sustainable finance and operational resilience.