PwC Legal's Regulatory Radar

Keeping up with regulatory developments

The financial services industry is increasingly coming under regulatory pressure. New legal requirements, particularly in the ESG sphere, are forcing market participants to adapt their products, processes and internal structures. This fast-changing regulatory landscape requires market players to have a constant overview of upcoming laws, ordinances and voluntary standards. As most of these requirements are interconnected, it can be difficult for financial market players to assess how they interact and how their business will be impacted.

The regulatory tsunami as a legal and business challenge

A plethora of financial market regulation has been issued and amended in the EU, Switzerland and around the world in the past years, drastically changing the financial market landscape. This regulatory tsunami can be overwhelming and difficult to manage for financial services actors. Zooming in on the variety of regulatory challenges, new challenges appear in particular with regard to key strategic dimensions such as data privacy, ICT and ESG. These challenges are not only diverse in terms of content but add to the complexity, as the developments are interconnected and interact on various levels.

The European Single Access Point Regulation (ESAP): This new regulation aims to create centralised access to financial and sustainability-related information and amends dozens of existing EU regulations.
The Digital Operational Resilience Act (DORA): DORA considerably increases compliance obligations, and companies will need to adapt their internal processes to meet these stricter requirements. The legislation aims to better protect firms against ICT risks.
The Sustainable Finance Disclosure Regulation (SFDR): SFDR level II has recently been released and introduces new requirements for FS firms, such as the obligation to provide extensive sustainability-related disclosures in a specific format.
CSRD & CSDD: Under the new CSRD regulation, over 50’000 EU companies will have to report on their sustainability policies and performance. Most FS firms need to adapt their sustainability strategy to comply with this new regulatory standard. The CSDD also obliges smaller companies to implement human rights and environmental due diligence obligations.

A cutting-edge tool to enhance your compliance and keep up with market trends

In order to help clients cope with the ever-increasing regulatory pressure, the Regulatory Radar monitors and highlights all legal updates and ensures a detailed overview of the latest regulatory developments on the financial markets in various jurisdictions. The Radar is a tailor-made solution adapted to your business structure that gives you a complete overview of all regulatory updates that impact your firm. We use our expertise to deliver a cost-efficient and forward-looking compliance solution. Our tailor-made solution replicates your specific corporate structure, and focuses on the following business areas in particular:

Asset and wealth management
Banking
Hedge funds

The tool covers the entire legislative cycle – consultation through to the final regulation. Supported by PwC’s national and international network, the Radar analyses and indicates appropriate measures to ensure regulatory compliance.

Sustainable Finance Regulatory Radar

The features of the Radar are constantly being developed and expanded to ensure the best possible experience for our customers. In this context, the tool also provides updates on the latest ESG trends, regulations and countries’ comprehensive sustainable finance strategies. Given the broad scope of monitoring, this unique feature helps you to be ‘sustainability-compliant’ and anticipate new legal obligations well in advance.

Please do not hesitate to contact us whenever you need our support in saving time and resources and having centralised access to all regulatory developments on one platform. If you would like to learn more about the Regulatory Radar, please visit our website.

PwC Legal's Regulatory Radar

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