How Boards Can Address the Security Risks of Over-Confidence
Sep 21, 2023

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Sep 21, 2023
Aug 25, 2023
by Ken C. Joseph, Esq., Anna Povinelli, Alyssa Heim, David Larsen, Chris Janssen, Kenneth D'Aurizio
Aug 23, 2023
by George Glass, Laurie Iacono, Keith Wojcieszek
Aug 21, 2023
by George Glass
Study the natural landscape for any amount of time and you quickly become aware of the range of powers that have shaped it. From seismic action to gradual erosion and the daily wear of wind, waves and rain -- It is layer upon layer of never-ending change. And we never know for sure when the flood waters might come.
As it is with nature, so it is with regulatory environment. Each year, as part of its Global Regulatory Outlook, Kroll conducts an online survey of financial services executives around the world to get their views on issues that are shaping and changing the industry.
This year’s outlook report reveals a landscape that is the product of historic failures, but also continued innovation and challenges. And it changes still.
We surveyed 240 senior executives working in financial services across banking, asset management, hedge funds, private equity, broker dealers and a range of other business. They come from the U.S., UK, Asia and a number of other jurisdictions. Seven out of ten work for organizations with operations in more than one country.
Overall, our findings suggest a level of acceptance of the current regulatory regime. Close to two-thirds say that the current regime is effective in preventing financial crime (64%), for example—at least when it comes to their own territory. Even though fewer (34%) are willing to vouch that it is effective on a global level, this is a vote of confidence, and all the more remarkable given that, as we’ll see, they are not blind to regulations’ faults.
Moreover, those territories named as having the most favorable regulatory regimes—notably the UK (30%) and U.S. (26%)—are among the most mature. There is also a strong home bias: executives were most likely to name their domestic jurisdiction as having the most favorable regime.
On these findings, those surveyed would seem relatively satisfied with the current regulatory regime.
/-/media/assets/images/publications/compliance-and-regulatory-consulting/gro-2020/global-regulatory-outlook-2020-thumb.ashxFeb 20, 2020
by Ed Shorrock
Feb 20, 2020
by Hannah Rossiter
Feb 20, 2020
by Nicolas Inman
Feb 20, 2020
by Ken C. Joseph, Esq.
May 20, 2020
by Maria Evstropova, Julius Kania
Jul 14, 2020
by Hannah Rossiter, Ken C. Joseph, Esq.
Jul 28, 2020
by Mark Turner
Oct 23, 2020
Every year, Kroll surveys key stakeholders from a wide range of global financial institutions on the current regulatory landscape.