The regulatory agenda for private banking and wealth management is entering a decisive phase. After years of regulatory drafting and consultation, the focus is now shifting towards large‑scale implementation with significant implications for compliance operating models, data architecture and technology choices.
In this Synpulse Talks – PBWM Hotseat episode, Prasanna Venkatesan, Tina Freund and Johannes Pfister discuss the compliance priorities banks must address as they prepare for 2026 and beyond.
Implementation takes centre stage
Across Europe and Switzerland, 2025 marked a period of intense regulatory development. Looking ahead, 2026 and 2027 will be defined by execution. Compliance functions must now translate new requirements into scalable operating models while managing cost pressure and supervisory scrutiny.
AML: toward a global Single Client View
European AML regulation introduces a fundamental shift in how client risk is assessed. Banks are increasingly required to establish a group‑wide Single Client View, aggregating risk‑relevant data across entities and geographies.
This move from relationship‑based to client‑centric risk management has far‑reaching implications for data governance, technology architecture and compliance operations including for Swiss banks operating cross‑border.
Digital identity and fraud prevention
Switzerland’s upcoming beneficial owner register and electronic ID (e‑ID) represent important structural changes. These measures are expected to strengthen controls against deepfake and onboarding fraud, while enabling more digital client journeys provided security and governance are handled appropriately.
ESG and AI move into execution mode
ESG risk management is no longer conceptual. Both EU and Swiss regulators require banks to integrate environmental and nature‑related risks into existing risk frameworks, making ESG a concrete implementation challenge.
At the same time, AI and GenAI are reshaping compliance operations. The focus is shifting from isolated alerts to data‑driven case management, with AI supporting but not replacing human judgement. Keeping a human in the loop remains essential for accountability and regulatory trust.
Looking ahead
The message for compliance leaders is clear: start early, monitor regulatory developments closely, and adopt technology pragmatically. Those who combine smart implementation with a clear view of their future operating model will be best positioned for the years ahead.
