As 2021 comes into view, what can we expect to be at the top of regulators’ agendas? As well as continuing priorities like sustainability, innovation and consumer protection, we think prudential reform will be a key issue in 2021, along with the reshaping of the UK regulatory landscape beyond Brexit. We’re delighted to share our predictions in our briefing What does 2021 hold?, which explores regulatory hot topics for financial institutions to watch in 2021.
The series of briefings, Finding Balance: The Post-COVID Landscape for Financial Institutions, seeks to map the post-pandemic environment that financial institutions need to navigate as we move from resilience and recovery to the business renewal phase.
The European Commission published an updated list of high risk third countries in respect of AML/CTF due diligence.
Belgian government agencies directly responsible for Belgian FIs and the European Central Bank announced a series of measures to ensure that financial institutions under their direct supervision continue to finance the real economy to mitigate the economic effects of COVID-19.
Each market is dealing with COVID-19 cautiously, and the guidelines issued by different agencies follow a general theme around awareness, caution, and transparency.
Weighing an uncertain outcome, Luxembourg adopts two bills ensuring the financial stability of the financial sector.