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
The latest issue of the Regulatory Briefing provides an overview of significant developments, focusing on proposals, new legislation and other initiatives plus the PwC position on these.
Aug 11, 2014
Future shape of banking outlines four key areas banks need to address in order to remain relevant, as we argue that the future of banking will look very different to what we see today.
Jul 9, 2014
Global Green Policy Insights is a bimonthly update on the latest developments in environmental taxes, regulations, and other "green" policies around the world. Written by PwC specialists around the world, they provide timely updates on new tax incentives, credits, and policy issues of interest to multinational organisations.
Jun 30, 2014
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