Compliance Monitor
Regulatory worry beads of 2013
Charlotte Hill and Noline Matemera take a somewhat superstitious, yet very practical, look at thirteen key regulatory developments to keep abreast of in 2013.
Charlotte Hill (charlotte.hill@shlegal.com) is a partner and head of the financial services and regulation group, while Noline Matemera (noline.matemera@shlegal.com) is a senior associate, at law firm Stephenson Harwood.
The number 13 is widely considered to be unlucky and this association has a number of cultural and historical roots. For example, the end of the Mayan calendar's 13 Baktun was feared to signal the end of the world and it is said that 13 turns makes a hangman's noose. So, as the year 2013 kicks off, the more superstitious among us may be wondering whether the financial services industry has anything more to be worried about this year. This article looks at 13 key regulatory developments that look set to make their mark over the next 12 months. Put your rabbit's foot and four-leaf clover on standby.