2018/2019 Edition of the Global Regulatory Update

Welcome to the 2018/2019 Edition of the Global Regulatory Update. This guide is designed to provide you with an insight into current developments around the globe. Regulatory reform at all levels of the financial services spectrum has continued over the last year. Combined with the challenge of diverging timelines when it comes to implementation, many measures are likely to differ in their detailed approach, which has the potential to create further challenges for the financial services industry and their services to corporates. 2018 started with Open Banking going live in the UK and the framework is rapidly spreading to other parts of the world. It provides both incumbents and Financial Technology (FinTech) firms with the opportunity to offer innovative services to clients and is added to the list of issues regulators and governments are turning their attention to. Our team is engaged with regulators and industry participants around the world to understand the opportunities and implications to pave the way for new business models and appropriate regulatory measures in this space. We would be happy to talk to you about any topics in this guide that are of particular interest to you. We hope you find this useful. Ruth Wandhöfer Global Head of Regulatory and Market Strategy Treasury and Trade Solutions, Citi ruth.wandhofer@citi.com Sophia Bantanidis EMEA Head of Regulatory and Market Strategy Treasury and Trade Solutions, Citi sophia.bantanidis@citi.com Welcome