The Future of Global Financial Regulation

Every year the Compliance and Regulatory Consulting practice at Duff & Phelps analyzes data from senior decision-makers in financial services to provide insights into the current and future global regulatory landscape. 2020 proved to be extraordinary and will continue to have profound repercussions for some time to come. The 2021 edition of Duff & Phelps’ Global Regulatory Outlook examines the world today and offers a window into the future of global financial regulation.

Key findings include:

• Fewer than a third (31%) named London as today’s world financial leader. New York continues to cement its dominance, with 60% of senior decision-makers globally now naming it the top financial center.
• China dominates within the emerging markets this year, with almost two-thirds (64%) of respondents predicting it will be the next major financial hub.
• In 2021, almost a third (32%) of respondents predict the total cost of compliance will be greater than 5% of their revenues. Only 12% expected to see compliance costs lower than 1% of revenues.
• When asked about their firms’ environmental, social and governance (ESG) policies, 48% of respondents said they already had a comprehensive ESG policy and related compliance procedures in place. Just over six out of 10 respondents (62%) said investor demand had a significant or moderate impact on developing their firm’s policy. 

Duff & Phelps’ 2021 Global Regulatory Outlook report can be accessed here.