2020 has drawn to a close, and what a year it was. Has the world changed? Of course. Will things continue to change? Absolutely.
It is with change in mind that CUBE, a global technology company transforming regulatory compliance for large financial services organisations, has published its annual report, The year ahead: What’s on the horizon for regulatory change in 2021? The report takes stock of emerging trends across financial services with a view to assist the industry in their ability to plan ahead for what will hopefully be a more stable, or at least more predictable, 2021.
Drawing on independent research, CUBE’s report analyses the global financial services landscape – from regulatory speeches and data to industry comment – to uncover the 5 key regulatory trends to watch out for in 2021:
- Increased automation and AI in compliance processes
- Enhanced data management and analytics to drive regulatory compliance programs
- Climate change and ESG factors embraced for green finance
- Collaboration across borders and industry for joined-up compliance
- Regulatory focus on conduct and culture
As well as exploring messaging from financial regulators and highlighting upcoming regulations surrounding these topics, the report features comment and insight from industry luminaries including Mitch Avnet, CEO of Compliance Risk Concepts, and Linda Gibson, Head of Regulatory Change at Pershing, among others.