At their heart, regulations are about protecting customers and protecting markets. But they can also be used to drive market disruption and to capture competitive advantage.
Rare is the day when new regulations are greeted with joy.
Regulations are increasing in complexity as well as in number and it’s easy to understand why they are seen as an unwelcome disruptive force.
In the next year alone, we have the implementation of a whole host of new regulations, including IFRS 9, MiFID II, and the NIS Directive. But there are also reasons to be cheerful about a world where constant regulation is the new normal.
Leading companies are using regulatory reform to drive long-lasting and continuous change throughout their organisations. They are viewing regulatory change through a positive lens; seeing it as a catalyst to transform the entire risk function, rather than as an obstruction to their work.
Download our paper to find how these transformational efforts are providing organisations with a competitive advantage and a more secure future.