Pressure on the financial services sector continues to increase as ESG and sustainable finance requirements up the ante for industry participants, according to KPMG’s latest study.
Its third Financial Services Regulatory Barometer study also found financial resilience was having a big impact. It said pressure on firms remained "intense" with an aggregate score of 7.2 - up from 7.0 in February this year. The barometer is a biannual measure of regulatory pressure faced by financial services firms in the UK and European Union (EU). KPMG found that for the third time running, ESG and sustainable finance regulations were putting the most pressure on firms (8.5 out of 10). The industry, it added, was "facing regulatory scrutiny around greenwashing, new and more dem...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
