Recent market and regulatory developments have dramatically altered the corporate governance and regulatory landscape. The financial crisis has highlighted the importance of integrity and good practice for financial institutions and other regulated entities. The regulatory framework of rules, regulations and guidance continues to build at a local level whilst the drive for harmonisation from the EU and globally is also strengthening creating significant challenges for firms, regulators, investors and legislators. Firms recognise that the business and regulatory risks which may undermine the achievement of their strategic objectives are complex and require constant re-evaluation and management.
In a market economy the achievement of effective stewardship is a delicate balancing act between competing regulatory and commercial influences. Although this ‘new normal’ is challenging for firms, it also creates a unique opportunity for firms which proactively pursue the highest standards in their corporate arrangements to generate a competitive advantage and potential premium in their market place. Grant Thornton helps regulated businesses design and implement the right corporate governance frameworks, assists firms to understand and comply with their regulatory requirements and establish appropriate compliance and risk management practices.
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