Strategic Regulatory Foresight Banking Report

2019/2020 Switzerland and Europe

Executive summary

Today banks and regulators operate in an environment subject to ever-changing dynamics. Driven by changing economic and legal factors, revolutionary technologies, global networking, competition and consumer demand, the regulatory outlook for 2020 appears to be shifting as regulators around the world are increasingly having to adapt to the passage of time. The regulatory and policy agenda is firmly in review mode. Companies are seeking greater flexibility and resilience. As a result, they are making greater use of advanced data analytics, artificial intelligence and innovative technologies, further adapting risk management and increasing regulatory attention in areas such as safety and consumer protection. Global regulators are reviewing the rules and regulations for potential improvements in terms of proportionality, transparency
and the integration of technological innovation. Regulators and industry participants are
seeing significant opportunities for developing new tools, improving risk management and efficiency, and increasing safety for companies, markets and consumers.

The Strategic Regulatory Foresight Banking Report highlights the key initiatives in Europe and Switzerland that banks need to have on their regulatory agenda.

This report gives you an easy-to-read but fundamental overview of the upcoming regulations in Europe and Switzerland. It discusses the following key points:

Regulatory developments in Europe

  • EU Action Plan on Sustainable Finance
  • European Market Infrastructures Regulation (EMIR) 2.0
  • Anti-Money Laundering Directive 5
  • ePrivacy Regulation (ePR)
  • Shareholder Rights Directive (SRD II)
  • Capital Requirements Regulation (CRR) II, Capital Requirements Directive (CRD) V
  • Bank Recovery and Resolution Directive (BRRD) II
  • Securitisation Framework
  • Securities Financing Transaction Regulation (SFTR)
  • Libor replacement
  • Brexit
  • Directive on Administrative Cooperation in the field of taxation (DAC) 6
  • The new EU Blockchain Resolution

Regulatory developments in Switzerland

  • Revised Swiss Data Protection Act (FADP)
  • Financial Services Act (FinSA)/Financial Institutions Act (FinIA))
  • Amendments to the Swiss legislative framework for combating money laundering
    and terrorist financing
  • Revision of the Banking Act

Kontaktieren Sie uns

Dr. Günther Dobrauz

Dr. Günther Dobrauz

Partner and Leader Legal, PwC Switzerland

Tel.: +41 58 792 14 97

Dr. Antonios  Koumbarakis

Dr. Antonios Koumbarakis

Head Strategic Regulatory & Sustainability Services, Legal, PwC Switzerland

Tel.: +41 58 792 45 23