We are delighted to share our Ten Key Regulatory Challenges for 2022. Every year KPMG identifies ten key regulatory challenges that we believe financial services firms will face in the coming year. This year we focus on preventing the domino effect, understanding how our regulatory challenges are interlinked and how the chain of behaviour influences our regulatory momentum. We identify those areas of regulatory change that we anticipate will encounter rapid change, those areas that require us to maintain focus, and those for which we must mitigate risk.