For all financial services practitioners, 2020 will be a year of dynamic developments.
The first full working year of the 2019-2024 College of Commissioners, under the leadership of Ursula von der Leyen, is expected to set the scene for the legislative, regulatory and policy agenda for the duration of its mandate. From the MiFID II review, the finalisation of Basel III reform and entirely new initiatives, such as the development of a legislative framework for digital operational resilience in financial services markets and a framework for markets in crypto-assets, all sectors of the financial services industry will be affected. With Brexit expected to take place on 31 January 2020, negotiations between the EU and UK on their future relationship and associated equivalence considerations will add to the complexity of issues that financial markets participants and market infrastructure operators will have to take into account in their day-to-day business operations and longer-term strategic planning.
To help you keep up to date, we have produced a quarter-by-quarter guide which provides an overview of the key developments that practitioners should be aware of over the next 12 months.