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Strange Bedfellows by Politics and RegTech - Shield

With regulations changing as quickly as they do and with increased scrutiny of trades between financial markets, we expect to see greater automation. Watch the infographic or visit us for more detailed information at https://bit.ly/2PfAeuO

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Strange Bedfellows by Politics and RegTech - Shield

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  1. POLITICS AND REGTECH MAKE STRANGE BEDFELLOWS The United States does have a bit of a reputation for being Ameri-centric which is greeted by the rest of the world with either total nonchalance or a bit of chiding. However, what is undeniable is the ripple effect of their politics on the financial markets around the globe. If a Republican is seated in the Oval Office, regtech can relax for four years. A HISTORICAL PERSPECTIVE Not so: a recent analysis conducted by Forbes shows that it doesn’t always matter. As it turns out, good investors make healthy returns on their money regardless of who’s in the White House. But if you’re not a good investor and if you’re a compliance officer or trader, it’s a different story. If history tells us anything, there will likely be increased regulation under President Biden. BUILD, TEAR DOWN AND REBUILD That’s essentially the cycle that’s on rinse – repeat each time the Oval Office switches its political party affiliations. We’re all aware that the U.S. President appoints people to critical positions such as the head of the Department of Commerce, Chair of the Federal Reserve, and so on. WHAT ABOUT ECOMMS? Last year, when COVID crashed the office party, traders retreated to their living rooms. Of course, this instantly altered the role and the reach of the compliance officers, plus it put financial firms on notice. CHANGES AHEAD Manual processes have begun to fall out of favor. With regulations changing as quickly as they do and with increased scrutiny of trades between financial markets, we expect to see greater automation. This allows for increased efficiency and improved maintenance, as well as reduced costs, versus manual processes which have to be fully reworked each time a regulation changes. You can bet that at least some – if not all – of those rollbacks will be reversed as is the tradition when U.S. political parties swap residency in the White House. Although it may be hard to predict which changes are coming, you can bet on one thing – there WILL be change. https://www.shieldfc.com/

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