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Over the past few years, VIXIO has been actively monitoring the regulatory landscape for payments firms. With our new Global Regulatory Impact Index, we reveal trends and insight that provide an overview of the global regulatory landscape, providing our clients with a competitive edge.
Executive Summary
Every day VIXIO monitors and captures regulatory change across 58 jurisdictions*. Although this work is important to firms in payments, this data has been stored in silo, until now.
In this new monthly series, VIXIO brings clients its first ever analysis of the global regulatory landscape for payments. Our new Global Regulatory Impact* Index has been created to mine insight from the thousands of regulatory data points collected over the last few years using a consistent and comparative methodology. This will help clients who monitor countries but also want the big picture to combine the micro and macro view of regulatory change.
Although future editions will identify and monitor monthly regulatory changes and patterns, our first report will examine the regulatory landscape across the full-year 2021. This edition will, therefore, stand as an introduction into this series, the methodology and as a benchmark for 2021 as a whole.
* “Impact” has been created by combining the volume and value of regulatory updates. Please see the methodology for more information.
* As of the end of December 2021, VIXIO was tracking 45 jurisdictions; however, the number of jurisdictions monitored has increased in recent months.
Key Findings
- Findings suggest regulators are preparing for a resumption of pre-COVID-19 regulatory goals, while analysis shows Q4 is consistently the busiest season for regulation. Payments firms should, therefore, be prepared both for post-COVID-19 activity and higher cyclical activity at the end of the calendar year.
- The regulatory landscape is much more uncertain than typically thought, with potentially disruptive regulatory change happening in many mature markets.
- VIXIO analysis has uncovered two types of regulatory approaches: Continuous and Intermittent.
- Firms in a continuous jurisdiction should be ready for constant change, across a wide range of specialisms.
- Firms in intermittent jurisdictions should be prepared for sudden, one-off bursts of regulatory change happening without much prior warning.
Click here to access the full report.
