Regulatory risks – an introduction
Most business leaders will empathize with XYZ. Business leaders often find themselves at the forefront of dealing with competitors, customers, and partners and struggling to conjure enough resources to deal with all of them effectively.
Typically, compliance and regulatory risks have been associated with certain kinds of businesses, such as those dealing in sectors such as BFSI, manufacturing, or the public sector. Companies that deal with international operations or operate in highly regulated sectors have highly developed practices to assess and mitigate risks that emerge out of the regulatory landscape, both on a short-term and long-term basis. Take, for example, any multinational corporation that frequently recognizes revenue across various countries around the world. The currency exchange rates can vary dramatically on a day-to-day basis, subject to various regulatory, political, and economic signals. Most such organizations look at...