Staying Afloat in the Tidal Wave of Regulation

Firms in all sectors – but especially financial services – face a continuing stream of new legislation and regulation emanating variously from local regulators, from supra-national bodies such as the International Accounting Standards Board, and of course (at least in the immediate future) from the European Union. Boards wade in the alphabet soup of GDPR, MIFID2, IFRS17 PS, CP and several more, including ‘Occasional Papers’.

The constant flow of regulatory change challenges firms and particularly their boards of directors on several levels.  All too many firms are preoccupied with the sterile and expensive activity of assuring compliance while a minority approach regulatory developments as an opportunity to develop or enhance competitive advantage.

This event is an opportunity for you to discuss how firms and their boards can most effectively anticipate and respond to regulatory change and enhance your understanding of what it means to act in the public interest whilst also staying true to your responsibilities as a director.  As part of the discussion we also aim to help you to develop a better understanding of the principles behind acting ethically in a commercial environment. Horizon-scanning and the potential challenges these might bring;

• Stimulating and digesting useful input on the possible competitive implication of changes and ways to respond to these;
• Thinking about organization capabilities needed to live with change as ‘business as usual’;
• Making sure the executives’ decision-making framework enables it to spend enough time and resource on growing the business, not just protecting itself.