In many ways, from a financial services perspective, 2012 was a year that never quite fulfilled its potential for change. Neither the much anticipated implosion of the Eurozone, nor the raft of regulatory initiatives set for completion played out in quite the way that the industry may have expected. As a consequence 2012 often felt like a year when the industry stuttered towards its new future, rather than boldly striding into it. The cynics will of course suggest that this is simply the industry dragging its heels to protect its interests but in reality it has not been helped by the politicians and regulators who are supposed to be defining this new era.
Download our Viewpoint on Risk and Regulations in Financial Services for 2013