Financial service providers are confronted with many new regulatory initiatives on an almost daily basis. The constant communication regarding new information from the federal government, FINMA or the courts via newsletters, LinkedIn posts and other digital channels, can give the impression of a "regulatory jungle". However, the ability to keep track of these diverse changes is crucial. Financial service providers should actively face this constant regulatory change with a suitable regulatory change management.
In issue no. 39 of the Special Wirtschaftsprüfung, Dr. Fabian Schmid and Thomas Hulmann show how financial service providers can transform this diversity of information into a clear plan of action to remain competitive in this ever-changing market environment.
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