安永-2024年全球金融服务监管展望报告（英）-28页_2mb

Introduction and Overview

The 2024 Global Financial Services Regulatory Outlook highlights a complex regulatory environment driven by geopolitical tensions, economic uncertainties, and rapid digitalization. Key areas of focus include enhanced oversight from bank failures, rising concerns over inflation and consumer indebtedness, and the integration of AI and digital technologies. Regulators are intensifying scrutiny on prudential issues, consumer protection, ESG risks, financial crime, and operational resilience to address emerging threats and ensure market stability."

Digitalization and AI

Digital transformation is a central theme, with increased use of AI in finance leading to new challenges. Regulators are promoting digital asset clarity, open finance frameworks, and operational resilience through advanced technologies. Key developments include EU PSD3 and MiCAR for crypto regulation, global CBDC exploration, and anti-greenwashing measures in ESG disclosures. Firms must adapt to evolving AI frameworks, digital payment systems, and data-driven supervision to mitigate risks and leverage innovation."

ESG and Carbon Markets

ESG factors are receiving heightened regulatory attention, with expanded focus on environmental risks such as climate change and biodiversity loss. Mandatory reporting standards, including ISSB and CSRD, aim to improve transparency, but firms face challenges in reconciling diverse frameworks. Greenwashing risks are addressed through stricter disclosure rules and sustainability label regulations. Transition planning is encouraged to align with net-zero goals, driven by directives like the EU's Corporate Sustainability Due Diligence."

Consumer Impact

Regulators are strengthening consumer protection through outcome-based supervision, such as the UK's Consumer Duty. Vulnerable consumers, pricing practices, and BNPL services are key focus areas, with a push for fair dealing and financial literacy initiatives. Firms must consider consumer vulnerabilities in product design and ensure compliance with evolving consumer safeguard measures across jurisdictions."

Financial Crime

Financial crime enforcement remains stringent, with increased focus on AML/CFT, crypto-related activities, and fraud prevention. Regulators are adopting AI and data-driven tools to combat emerging threats, while scrutinizing vulnerabilities from social media and technology. Recent events, including high-profile bank failures, underscore the need for robust risk management and timely supervision updates."

Operational Resilience

Operational resilience is a top priority, emphasizing cyber security, third-party risk management, and crisis preparedness. Events like the 2023 bank crisis highlight gaps in risk governance, leading to stricter recovery and resolution planning. Firms are urged to enhance IT systems, engage in proactive scenario testing, and align with frameworks like DORA and FSB guidelines for improved resilience."

Prudential Developments

Recent prudential reforms address liquidity risks, stress testing, and capital requirements post-banking volatility. Regulators are refining liquidity coverage ratios and expanding stress tests to include climate and cyber resilience. Changes in compensation structures and board oversight aim to mitigate inappropriate risk-taking, with a focus on timely crisis response and data harmonization for effective supervision."