globaltaxnews.ey.comSign up for tax alert emailsForwardPrintDownload |
07 February 2018 Global Regulatory Network -- 2018 annual bank regulatory outlook With the approval of “Basel IV” in early December 2017, regulators put the finishing touch on post-crisis reforms in prudential regulation. At the global level, policymakers have effectively drawn a line under dealing with the problems of the past. If the same problems were to arise again, banks and the financial system as a whole would be better prepared to deal with them. Banks are more resilient, and the financial system is more robust. Although authorities plan to conduct a review of post-crisis reforms, banks should not expect a respite from regulation. While small banks may receive some relief, there is little prospect of legislation that would roll back regulation significantly. In fact, pressure on large banks is likely to increase, as supervisors around the world each implement their own particular version of the Basel reforms and other international accords, as regulators tighten market standards and as authorities reset rules in response to new technology. Document ID: 2018-5233 |
