We have witnessed the creation of thousands of COVID- 19-related regulatory updates in 2020. These charts are generated from our OneSumX® for Regulatory Change Management software that depicts the impact COVID-19 has had on the regulatory landscape.
ComplianceAugust 07, 2020
COVID-19-Related Regulatory Compliance Resource | July 2020 Review
Global banking and securities July synopsis:
COVID-19-related regulatory activity decreased for a third month. It constituted 12 percent of worldwide financial industry regulatory activity in July 2020. As of last month, Europe is still the world leader by creating over 2,300 COVID-19-related updates since January 1, 2020, which is a 23 percent increase from June.
U.S. Insurance July Synopsis:
COVID-19-related regulatory activity among U.S. Insurance companies fell to 22 percent in July 2020. Washington’s regulatory body is now ahead of all other state regulatory bodies for producing the most U.S. Insurance COVID-19-related updates since January 1, 2020. COVID-19 has impacted all business lines of U.S. Insurance companies, but Commercial P&C and Health lines continue to experience the most significant impact.
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