Our Financial Services Regulatory (FSR) team surveys the
regulatory landscape for 2023 and considers the challenges
confronting firms and regulators.
Firms now face a maelstrom of risks as 2023 comes into view.
Economic and geopolitical uncertainty has aggravated already rising
interest rates and inflation, causing supply chain issues and
increased volatility in the commodities and financial markets.
There is turmoil in the crypto markets, cyber risks proliferate,
and the impacts of climate change continue to be felt across the
globe.
Our Global FSR Outlook for 2023 considers nine different
challenges. The need for financial stability, though critical, vies
with political and public demand for measures to foster economic
growth. Regulatory concern about financial institutions'
dependency on third-party providers for critical services, and
concentration in the provision of those services, is at an all-time
high. Big Tech is reshaping businesses, and regulators
