Improving regulatory strategies
For better or worse, regulation now appears to be a growth industry. Businesses around the world are coming under the regulatory microscope – at local, national and international levels – more than ever before, with proposals for new rules, restrictions and incentives across a wide spectrum of industries.
Public perceptions of big business have also shifted; it’s now seen as an integral part of the broader social fabric, with all the associated responsibilities this implies. And, finally, there’s the emerging view that regulation is necessary to lay the groundwork for certain types of beneficial commercial exchange that couldn’t otherwise take root and flourish, green energy being a prime example.
What does this mean for your business?
New laws, regulations and public expectations have pushed governance and compliance even higher up the boardroom agenda. Senior executives everywhere recognise it’s essential to make sure their companies have effective, robust and reliable governance and compliance tools, and use them.
Establishing a constructive dialogue between business and regulators is also important. Companies have a lot to gain, both strategically and tactically, from building trust and fostering long-term cooperation with regulators, not only on small industry concerns but also on large ones with bigger socio-political implications. Where trust exists, regulation can become a mechanism for industry-wide – even global – cooperation on issues ranging from financial prudence to technical innovation and climate change.
View our latest Regulation research and insights
At a time of unprecedented scrutiny, it’s vital that regulators choose the right reforms to sustain and improve the audit market.
Jun 26, 2014
Key IFRS accounting considerations for principal and agent arrangements for media companies.
May 30, 2014
Key IFRS accounting considerations for payments by media companies to their customers
May 30, 2014
Have you got the right people, with the right skills in the right places? Find out in PwC’s Global CEO survey.
May 28, 2014
What do companies need to know about EU audit reform? Find out here
May 27, 2014
EU legislation to reform statutory audits was adopted in April. See a summary of the issues affecting the audit and requirements for public interest entities.
May 26, 2014
Most businesses haven’t a clue how to report their human rights impacts successfully. Patrick Shaw-Brown explains what to say and how to say it well.
May 14, 2014
Banking Banana Skins 2014 is sponsored by PwC and conducted by the Centre of the Study of Financial Innovation to explore what risks bankers worldwide are facing in the current climate and how they prioritise them.
May 8, 2014
PwC’s survey of treasury functions in over 100 organisations in 7 Asian countries, highlighting trends and developments
May 6, 2014
This PwC publication looks at the outstanding Banking Union legislation adopted by the European Parliament on April 15, 2004 and gives feedback regarding on the Single Resolution Mechanism (SRM) against the backdrop of the Bank Recovery and Resolution Directive (BRRD).
May 1, 2014