Ali Abbas
An overview of global enforcement trends in 2021
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 we approach the end of 2021, we now see the same regulators put their foot very much on the gas – with an onslaught of new regulations and enforcements.
With that in mind, we’ve 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?
Download a copy of the report to find out.
How CUBE can help
The regulatory landscape is constantly evolving. While some financial regulators continue to focus on age-old issues of non-compliance including AML and financial crime, others move to create regulatory frameworks around emerging risks including crypto and climate change. Most financial regulators are looking to widen their scope and, in turn, their regulatory perimeter to ensure that every facet of the financial landscape has a watertight regulatory regime in place. What does this mean for compliance teams? A deluge of emerging regulation and expectation.
CUBE is a SaaS based RegTech designed to take the complexity out of regulatory change management using artificial intelligence and automation to deliver Automated Regulatory Intelligence.
In short, we track, capture and monitor every regulatory change across the globe and makes sense of it for our customers. Drawing on ten years of experience, we have a mature data set which covers the length and breadth of regulatory content. This means that our AI can make accurate inferences and intelligently link regulatory changes across different books and regulators, spot trends and make predictions rooted in data. This can all then be automatically mapped to our customer’s policies and controls – leaving compliance officers to implement regulatory change across the organisation.
Whether you’re a large, multinational bank, or a small financial organisation with up to a handful of compliance officers, we’ve got a suite of products tailored to you – to ensure you don’t fall on the wrong side of the regulators.
