Transformative regulations designed to stimulate and steer the exploding number of developments in innovation will be a dominating influence across the financial services industry in 2020, driven by the ongoing pressure fintech disruptors exert over incumbents.
Concern over regulatory enforcement has increased significantly. Firms understand they are putting themselves at risk by violating regulations, and nearly 25% feel that the most important function of compliance is the avoidance of incurring such fines.
This report explores the key regulatory updates that are bearing down on the financial services industry during 2020 and beyond, delving into the ramifications of the changes and consult industry experts to unscramble the intricacies of each regulation to advise on how to best prepare for each transition.
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