2025年全球金融服务监管展望

Investment Rating - The report does not explicitly provide an investment rating for the financial services industry. Core Insights - The global financial services regulatory landscape is increasingly fragmented, with countries prioritizing national interests over international cooperation, leading to a rise in local standards [9][10] - Financial institutions must enhance resilience to external threats, focusing on operational resilience, sustainable finance, and the management of non-bank financial institutions [9][33] - Regulatory scrutiny is intensifying around consumer treatment, financial inclusion, and the prevention of fraud and scams [9][52] Summary by Sections 1. Regulatory Fragmentation Intensifies - Regulatory fragmentation is exacerbated as policymakers prioritize national interests, complicating global business management and potentially increasing costs [10] - The implementation of Basel III reforms varies by country, creating challenges for banks operating internationally [12][14] 2. Enhancing Resilience to External Threats - Financial institutions are urged to improve operational resilience in light of recent global events, including geopolitical tensions and IT failures [35][39] - New regulations, such as the EU's Digital Operational Resilience Act, will come into effect, requiring financial institutions to manage risks associated with third-party technology providers [39][40] - The non-bank financial sector's growth raises concerns about systemic risks, prompting calls for enhanced oversight [44][47] 3. Consumer Treatment - Regulatory bodies are increasingly focused on enhancing consumer welfare, with new regulations emerging globally to ensure fair treatment and protection against fraud [54][56] - Financial institutions are encouraged to adopt practices that prioritize customer needs and improve service standards [54][55] 4. Risk Management - The report emphasizes the need for financial institutions to address long-standing weaknesses in risk management and governance frameworks, particularly in light of recent banking crises [66][68] - Regulatory expectations for board accountability and risk culture are becoming stricter, with a focus on proactive identification and management of potential risks [68][69]