Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of geopolitical risk
What are the main regulatory trends and priorities we should expect as economies and markets emerge from Covid‑19 pandemic‑related restrictions?
Karen Man, Baker McKenzie
Karen Man: The digitisation, sustainability, and environmental, social and governance megatrends have already been shaping the future regulatory environment prior to the pandemic, but the pandemic has accelerated them – the former by increasing regulators’ expectations around the need for resilient systems and controls in the face of a faster adoption of digitised solutions. And the latter around new obligations concerning reporting, disclosures and governance on all aspects of sustainability, where the pandemic has been a catalyst for the awareness of the importance of sustainable – or resilient – operations.
In both cases, institutions are exposed to enforcement and…
