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Following the financial crisis of 2008, the calls for a regulatory overhaul were understandably loud, but has it all gone too far? Is the industry now facing "regulatory overload"?
Financial services certainly needed regulation, but not retribution.
While the recovery in this sector has been encouraging, it remains fragile - and when Quantative Easing is withdrawn, the world economy will enter unchartered territory. Broader economic issues could then come to the fore both at home and abroad.
There are other challenges too: how to cut costs, increase security, settle remediation charges and, somehow, prepare for the next crisis. There are also opportunities, including many new online technologies. And all of this must be managed by a mostly new generation of leadership within a constantly changing industry.
At KPMG, we believe financial services businesses must be assertive and must go on the front-foot to adapt to this wholly new environment. Our Financial Services practice provides an unrivalled depth of experience and expertise to the entities that provide financial products and also to entities whose assets require significant long-term funding. |
