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2024 Regulatory Compass

The go-to guide for industry insights and key regulatory priorities

As the world reckons with challenges that include the climate crisis, cybersecurity concerns and economic uncertainty, the EU has been drafting regulations to address them. These reforms affect various sectors globally and will continue to do so as they evolve further, making it more important than ever to stay informed and be prepared.

But with topics ranging from finance, data privacy, and cybersecurity to environmental and social governance, it’s difficult to know where to start or what the priorities should be.

We have created our 2024 Regulatory Compass to guide you. With an industry-specific focus on pressing regulatory priorities, when used alongside our 2024 Regulatory Map you can get the perspective and strategic direction you need to start, turning obligations into opportunity.

Navigate your next steps with clarity.

Data and artificial intelligence, operational resilience and sustainability are undeniably key priorities in today’s regulatory landscape, but they aren’t the only ones. The potential impact of several critical regulations—and the steps needed to appropriately respond to them—will require an industry-specific lens.

  • Banking: The Corporate Sustainability Reporting Directive will increase ESG reporting standards for banks, while the EU banking package will require revised strategies due to the new capital requirements calculations. As they brace for the technical compliance that the Digital Operational Resilience Act (DORA) will require as of January 2025, banks must also prepare for the transformation posed by the Instant Payments Regulation.
  • Insurance: Concerns about uninsured and underinsured populations in today’s increasingly insecure environment are growing. With a continued focus on consumer protection, the insurance industry will need to start reimagining new approaches that extend beyond rebuilding and reimbursement to services that proactively prevent and mitigate risk.
  • Investment management: Following the EU’s revised Undertaking for Collective Investment in Transferable Security (UCITS) and Alternative Investment Fund Managers Directive (AIFMD) frameworks, fund liquidity will take center stage, requiring firms to evaluate and modify their governance. Firms will also need to closely follow the best practices in the updated European Long-Term Investment Fund Structure (ELTIF II) in addition to finalizing framework changes to meet the new European Market Infrastructure Regulation (EMIR) Refit reporting obligations (or shorten their settlement cycles).
  • Alternatives: Amid concerns about subjectivity and conflicts of interest, regulators will demand more transparency and seek proof of good governance when it comes to valuation, retail investment, and sustainable investment labels. Private credit funds will also need to pivot their approach to remain attractive to investors in light of the AIFMD’s new harmonized regime for loan origination.

With each new regulation triggering time-sensitive, sweeping implications for your business, forging ahead can feel daunting. Download our 2024 Regulatory Compass to get oriented and find your next trusted guide. Regardless of industry or priority, our dedicated team of multi-disciplinary specialists are ready to support you.

Discover our Luxembourg Regulatory Center

The right guide can make regulatory change a differentiator that drives you forward.

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