Competence, Conduct, and Billion Dollar Consequences: How Regulatory Strategy and Relationships Can Improve Organisational Outcomes

This book provides a practical guide to understanding how regulators build insight and form judgements, helping organizations develop their strategy and approach to engagement and improve regulatory outcomes. It highlights the importance of industry-regulator relationships in a rapidly advancing world, where VUCA conditions make consumer harm prevention and business success more critical. It offers real-world experiences and examples to help organizations build positive and progressive relationships with their regulators, driving mutually beneficial regulatory relationships that avoid negative consequences and unnecessary costs.

Format: Hardback
Length: 254 pages
Publication date: 21 February 2023
Publisher: Taylor & Francis Ltd

Understanding how regulators build insight and form judgements is crucial for organizations to develop their engagement strategy and improve regulatory outcomes. The rapid advancements in various fields, such as fintech, regtech, robot-assisted surgery, stem cell technology, social media, computing power, AI, autonomous vehicles, and digital environments like the metaverse, present both opportunities and challenges. In this VUCA (volatile, uncertain, complex, and ambiguous) world, industry-regulator relationships become increasingly important in preventing consumer harm and configuring business success.

This practical guide aims to help organizations build positive and progressive relationships with their regulators in these dynamic times. It covers developing a strategy, preparing for engagement, and navigating the ecosystem of insight to understand what informs regulators' opinions and judgements. The book is underpinned with real-world experiences and examples, demonstrating how organizations can refine their approach and build mutually beneficial regulatory relationships that avoid negative consequences and unnecessary costs.

This book is valuable for board members, executives, senior leaders, risk, compliance, legal professionals, regulators, and students of business, finance, and law. It provides holistic thinking about regulatory relationships and offers insights that can be used to drive positive outcomes. By understanding how regulators build insight and form judgements, organizations can position themselves for success in an ever-evolving regulatory landscape.

Weight: 630g
Dimension: 254 x 178 (mm)
ISBN-13: 9781032286778