An overview of global enforcement trends in 2021
All change or business as usual?
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2021 has been another turbulent year for the global financial industry with the ongoing effects of the Covid-19 pandemic affecting regulators, financial service providers, and customers alike.
Over the course of 2020, numerous regulators put regulatory activity on hold, or at the very least pressed pause on emerging regulations. As it approaches the end of 2021, the same regulators put their foot very much on the gas – with an onslaught of new regulations and enforcements. With that in mind, CUBE have analysed the enforcement activity from global regulators across 2021, to see whether Covid – as well as a shift in focus for environmental, social and governance (ESG) factors – has changed the landscape for enforcement. Have the regulators focussed their sights on crypto, cyber, accountability and operational effectiveness? Or do factors such as AML and inadequate disclosures still reign supreme across the enforcement landscape?