***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.***
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