Baringa Partner's Matthew Clay looks at the key regulatory changes that will drive the agendas of banks and buy-side firms in 2013.
In many ways, from a financial services perspective, 2012
was a year that never quite fulfilled its potential for change.
Neither the much anticipated implosion of the Eurozone, nor the
raft of regulatory initiatives set for completion played out in
quite the way that the industry may have expected.
As a consequence, 2012 often felt like a year when the
industry stuttered towards its new future, rather than boldly
striding into it. The cynics will of course suggest that this
is simply the industry dragging its heels to protect its
interests but in reality it has not been helped by the
politicians and regulators who are supposed to be defining this
So what then of 2013?
Clearly the global economic uncertainty that has
characterised the post-crisis era remains a destabilising force
for financial institutions, large and small. However, we do
expect some significant movement around those items of
regulatory uncertainty that somewhat clouded strategic and
operational initiatives in 2012, particularly for banking
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