Ten Key Regulatory Challenges of 2023

Strengthening 'weak links'

Amy S. Matsuo

Amy S. Matsuo

Principal and National Leader, Regulatory Insights, KPMG US

+1 919-244-0266

***KPMG Regulatory Insights has issued its Ten Key Regulatory Challenges of 2023: Mid-year Look Forward. Click the link to read our insights on what to expect for the rest of 2023.***

Regulators are relentlessly pursuing what they perceive to be “weak links” within risk programs and coverage. Regulatory agencies in 2023 will continue executing against their broad and ambitious agendas. Expect increases across supervision, enforcement, and investigations under both old and new regulations — even with a heightened discord in public policy and increasing judicial challenges to regulatory authority.
Amy Matsuo, Principal and Leader, Regulatory & ESG Insights, KPMG LLP

KPMG Regulatory Insights presents our Ten Key Regulatory Challenges of 2023, featuring client perspectives, key regulatory recaps, and actionable steps to help mitigate risk in the following ten key challenge areas.



1. Scrutiny and Divergence

  • Increased supervision and enhancement
  • Regulatory democratization
  • Regulatory divergence
  • Across the three lines

Learn more about Scrutiny and Divergence



2. Climate and Sustainability

  • Social and political discord
  • Risk management and governance
  • Scenario/stress test analysis
  • Investment/strategic markets

Learn more about Climate and Sustainability



3. Transparency and Reporting

  • Reporting
  • Market structure
  • Protections and controls

Learn more about Transparency and Reporting



4. Data and Cybersecurity

  • Cyber risk management and governance
  • Data collection and use
  • Privacy

Learn more about Data and Cybersecurity



5. Technology and Resiliency

  • Modern technology risk management
  • Technology resiliency
  • Operational resiliency

Learn more about Technology and Resiliency



6. Credit and Capital       

  • Capital shifts
  • Credit risk sizing and concentration
  • Effective compliance

Learn more about Credit and Capital



7. Fairness and Inclusion  

  • Expanded "fairness"
  • Impact and "justice"
  • Human capital and DEI

Learn more about Fairness and Inclusion



8. Fraud and Financial Crime

  • Regulatory focus
  • Interplay with consumer protection
  • Evolving risks

Learn more about Fraud and Financial Crime



9. Payments and Crypto

  • Regulatory authority and guardrails
  • Instant payments and controls
  • Disputes, complaints, and claims

Learn more about Payments and Crypto



10. Risk and Governance

  • Board importance
  • Risk management, mission critical
  • Mitigating misconduct

Learn more about Risk and Governance