Recent crises will catalyze regulatory and competitive changes

August 2023

Over the last several months and at the FSLS in London, network participants discussed the implications of these events for financial institution governance and risk management, for regulation and supervision, and for the competitive landscape in banking and beyond. This ViewPoints synthesizes these discussions, focusing on the following themes:

  • The crises are contained, but risks remain
  • Regulatory reforms are likely, but not at the scale of those pursued after the global financial crisis