The year ahead - geopolitics, divergence and the productivity conundrum - S5E8
Risk & Regulation Rundown
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Tension between International Competitiveness and Consumer Protection
This chapter discusses the tension between international competitiveness and consumer protection in the financial services industry, highlighting the introduction of consumer duty and other initiatives. It emphasizes the challenges for firms in gathering data for closed books and the importance of a future-focused mindset. The chapter also touches upon the political positioning and policy directions regarding ESG and climate change, and the challenges faced by financial services firms in dealing with different regulations and standards across jurisdictions.
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