This infographic shows the impact of world events on increasing regulations across multiple industries.

1. The Perfect Regulatory Storm
The Rise of an Evidence-Based Approach to Risk Management
2004
2008
2004: Basel II - seeks to create
an international standard for
regulations of risk and capital
management requirements 2008: Financial
banking crisis
2013
2013: Basel III - global regulatory
standard on bank capital adequacy,
stress testing and market
liquidity risk
2011
2001 2014
2011: Financial Industry Regulatory Authority
2011
(FINRA) brought 1,411 disciplinary actions and levied
1977 2001: Enron auditing scandal: new
regulations enacted to ensure accuracy of
fines totaling more than $63 million
2011: FINRA ordered more than $19 million in
2014: Solvency II: directive that
establishes a broad-ranging set
of capital requirements and risk
2012
financial reporting for public companies restitution to harmed investors and expelled 17 firms 2011: In the insurance industry, 22,000 management standards for
leading to Sarbanes-Oxley Act from the securities industry, barred 317 individuals new statutes, regulations, & bulletins
1988
European insurers
and suspended 432 from association with created or revised
2010
FINRA-regulated firms
1977: Foreign Corrupt Practices 2011: Reacting to the global financial
Act (FCPA): U.S. regulation 2011: More than 31,000 pieces of newly-proposed crisis, the U.K. Financial Services
designed to prevent American state and federal legislation relevant to the U.S. Authority penalized firms & individuals
companies operating overseas banking and mortgage industries were introduced in breach of regulations to the amount
from bribing foreign officials in in 2011 of more than £66 million 2012: COREP & FINREP: European Banking
return for business favors 1988: Basel I - banking supervisions Authority’s Common Reporting and Financial
regulation recommendations: set of 2011: 22,000 new or revised statutes, regulations 2011: Reserve Bank of India tightens Reporting guidelines for financial organizations
minimum capital requirements for 2010: Dodd-Frank Act: comprehensive set of U.S. and bulletins affecting U.S. insurers reporting requirements to ensure more
banks financial regulatory reform measures, including the detailed reporting information and
Consumer Financial Protection Bureau; more than 2011: More than 100 U.S. banks and credit unions transparent processes in the aftermath
200 implementing rules over the next several years closing their doors of the financial crisis
2010: 40,000 new regulations issued 2011: 150 open FCPA investigations
2010: Dodd-Frank Wall Street Reform & Consumer
Protection Act
2010/2011: Basel III - in wake of the 2008 banking
crisis, strengthens bank capital req. and introduces
new requirements on liquidity © 2012