Financial regulation is becoming increasingly complex, driven largely by the G20's extensive international regulatory agenda following the financial crisis as well as local measures to address perceived market failures. Regulations emerging in each country are often different from each other or even in conflict, and time frames for implementation are not aligned. Industry participants face massive challenges in keeping abreast of the evolving regulatory picture, analysing the impact on their companies, and implementing programmes to operationalise change.
Getting an early understanding of how your business will be affected by changes in regulation at an early stage can bring real and tangible benefits to your business - companies that identify competitive advantages arising from these changes and implement cost effectively will gain market position.
PwC’s FS Regulatory Centre of Excellence is a dedicated team of experts who will keep you up to date on the emerging regulatory and technical issues and hot topics in financial services impacting UK businesses, including Solvency II, MiFID II and Basel III. Our deep expertise in law, regulation, auditing and accounting standards and our knowledge of best practice across the industry enables us to assess the strategic and operational impact of new and proposed regulation across all sectors of the financial services industry. Our team includes former regulators, as well as regulatory and technical experts from our assurance, consulting and legal teams across financial services.
We actively engage in dialogue with politicians, regulators, financial services industry bodies and clients and participate in consultations on proposed changes in law and regulation affecting the industry. Our monthly publication on regulatory developments, Being better informed, and our weekly European financial regulation updates will help to keep you abreast of what's happening. For more detailed information, or a tailored solution to meet your needs, contact us today.