Responding to the regulatory challenge

    Following the 2008 credit crisis, the global political desire to reform the financial services industry has resulted in an unprecedented number of regulatory reforms to strengthen liquidity and capital, create more transparent markets, and address institutions deemed “too big to fail”.

    Financial services firms are grappling with a changing landscape. New regulatory measures that will be implemented over next few years — such as Basel III, Dodd-Frank, the Foreign Account Tax Compliance Act (FATCA) and recovery and resolution plans — will have commercial, strategic and operational impacts on Canadian financial services firms such as yours. Approaches to dealing with these changes range from viewing the regulatory reform agenda in terms of the distinct individual reforms, and assessing the impact of each reform, to identifying key themes across the landscape of reform.

    Our Financial Services team works with companies like yours to adapt to regulatory change. We can help you assess how regulation affects your business and create a strategic response that helps you take control of the regulatory agenda, identify the future target operating model, and effectively deploy the associated operational solutions.

    Our team understands that every company is different and provides tailored solutions to fit your business. We also have access to a global network of industry professionals who are knowledgeable about regulatory requirements in different countries.