Herbert Smith Freehills' Financial Services Regulatory (FSR)
team surveys the regulatory landscape in 2020 and identifies some
themes that we expect to be at the core of regulatory priorities
globally in the next 12 months.
Global outlook
The wider "stakeholder" in a new era of purposeful
corporate culture
Global regulators are increasingly setting their sights on the
wider meaning of "company purpose", including
Environmental, Social and Governance (ESG) criteria, and
non-financial risk.
This change in focus reflects a societal shift in attitude, with
individuals becoming more conscious of the need to contribute to
the well-being of society. As a consequence, companies, including
financial institutions, are coming under pressure to realign their
corporate purpose for the benefit of their shareholders, employees
and the communities within which they operate.
