As a new presidential administration enters office, 2025 is likely to be a key year for changes in regulations. The new administration aims to implement important initiatives while considering what is practical through legislation. Along with canceling or changing the previous administration’s executive orders, we can expect new executive orders in areas such as these and the appointment of new agency leaders to ensure these plans are carried out.
– Focus on Critical Security: Continued emphasis on cyber protection for national infrastructure, financial resilience, and combating financial crime.
– Cyber & Information Protection: Addressing evolving cyber threats, operational resiliency, and critical infrastructure vulnerabilities.
– Financial & Operational Resilience: Enhancing contingency funding and scenario analysis for critical operations.
– AI Regulation: Development of standards from CISA, targeting critical infrastructure without stifling innovation.
– Fraud & Scams: Increased focus on customer authentication and mitigation of operational losses.
– Shift in Focus on Resiliency: Anticipated inter-agency and global coordination decrease.
– Markets & Competition: Likely reduction in antitrust enforcement with a targeted focus on critical sector dependencies.
– Reduction of Regulatory Burden: Expect less new rulemaking, tailored requirements, and decreased supervisory activity.
– Overall Agenda Changes: Regulatory priorities will align with national security, U.S. competitiveness, and reducing burdensome regulations.
Read the original article here: https://kpmg.com/us/en/articles/2024/three-regulatory-takeaways-post-election-shifts.html
