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The cumulative impact of regulation
An impact analysis of the accumulation of regulations on the Belgian banking sector
In recent years, global, European and domestic legislators and authorities have introduced a large number of new regulations with the objective of making the banking sector more stable and reducing risks. Measuring their impact on an individual level has been completed on several occasions, but in this study, KPMG takes a more holistic approach.
Koen De Loose, Partner at KPMG Advisory, analyses data from the Belgian banking sector and provides insights on the magnitude of the cumulative effect of the most important new regulations. He suggests that the financial sector, the politicians, the rules-setting bodies and banks’ customers must all consider the combined and cumulative impact of all the new and proposed regulations