The regulatory horizon is constantly evolving and the pace at which regulation is moving is rapidly increasing. Compounded by complexity, many firms are feeling challenged when trying to stay up-to-date with regulatory changes.
Regulators expect you to identify and assess the rules and guidelines that affect your business. Nevertheless, the sheer volume of announcements can make it hard to continuously assess their relevance and impact to you. If prompt action is not taken, this could potentially result in non-compliance risks.
