Perspectives in Risk

A series revolving around business risk

Our new Perspectives in Risk series brings you the latest insights and real life experiences from an ever changing business risk landscape, helping you rethink risk and prompt consideration of your organisation’s strategy, capabilities and performance.

We will explore risk under a wide range of topics from internal audit, resilience, governance, compliance and digital.

You will get diverse and interesting perspectives on the issues that matter from a variety of Middle East business leaders, as well as our own experts.

Rationalising risk: Adapting to the MENA region’s regulatory surge

Regulatory reforms can be good for business by strengthening rule of law, harmonising commercial frameworks across borders and evening the playing field to create a more competitive business environment. However, the speed of reform poses a challenge for businesses in keeping up with their obligations without spending inordinate time and resources on compliance. So, how should organisations in the region approach the current wave of reform? This article outlines best practices to prioritise effort and sequence reforms.

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"The Middle East is a dynamic region with a constantly evolving and complex risk landscape. Businesses need to be aware, agile and proactively ensure they are continuously assessing and improving their risk capabilities whether it is elevating their Internal Audit function, streamlining business procedures and controls or utilising innovative technology solutions. The past year of disruption has truly shown us that new risks can materialise at any time in any area so the need to be able to cope with any eventuality is critical."

Adnan Zaidi, Partner & Middle East Assurance Clients & Markets Leader, PwC Middle East