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Global: Regulatory Risk Management Risk Radar for Financial Institutions

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The financial institutions sector is undergoing sweeping changes driven by regulatory developments, rapidly advancing technology and continued consolidation. The far-reaching impact of financial reforms, intricacies in their implementation, and conflicting regulations in different jurisdictions can expose businesses to unforeseen risk.

Our updated Regulatory Risk Management Risk Radar analyzes the most pressing regulatory risks that FIs need to consider in 2024. In this year’s edition, we examined how these risks impact business decision-making. We also examine recent and upcoming developments, and how they continue to shape the roles and responsibilities of FIs related to regulatory risk management.

Here we cover:

  • IT disruption and information security
  • Climate risk
  • Third-party risk
  • Geopolitical risk
  • Regulatory and resilience risk
  • Theft, fraud and conduct risk
  • Talent risk
Regulatory Risk Management Report

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Karen Man is a partner in Baker McKenzie’s Financial Services group, leading the non-contentious Financial Services Regulatory practice. Her clients include global, Chinese and local banks, fund managers, brokers/dealers, money service operators and fintech firms. Karen is admitted to practice in Hong Kong, the UK, and Australia.

Author

Christoph Kurth heads the Investigations, Compliance & Ethics practice of the Swiss offices. Further, he is a member of the EMEA Steering Committee Compliance & Investigations and co-leads the EMEA Financial Institutions Industry Group. He has been recognized by Legal 500 as a leading individual for compliance, regulatory and investigation matters. Before joining the Firm, Christoph was global head of Litigation & Investigations and general counsel in Asia for a large Swiss bank. For over 10 years, he has led complex regulatory and criminal investigations as well as high stakes litigation across the US, Europe and Asia, and has advised on transformational regulatory developments and wealth management products and services across Switzerland and Asia. In his roles, Christoph has worked closely with business leaders, government authorities and the media, navigating businesses through regulatory and other challenges. Prior to this, Christoph was a litigator in leading practices in Switzerland and the US. Christoph also teaches post-graduate courses in 'Crisis Management' and 'Risk Governance' at the Europa Institute at the University of Zurich.

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