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.
The firm's third Financial Services Regulatory Barometer study, which measures the regulatory pressure faced by financial services firms in the UK and the EU, also found financial resilience was having a big impact. KPMG found that pressure on firms remained "intense" with an aggregate score of 7.2 - up from 7.0 in February this year. Moreover, for the third time running, ESG and sustainable finance regulations were putting the most pressure on firms (8.5 out of 10). The industry is "facing regulatory scrutiny around greenwashing, new and more demanding disclosure requirements, and in...
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