Competence, Conduct, and Billion Dollar Consequences

How Regulatory Strategy and Relationships Can Improve Organisational Outcomes
1. Auflage 2023
ISBN: 978-1-03-228676-1
Verlag: Taylor & Francis Ltd

Buch, Englisch, 254 Seiten, Format (B × H): 254 mm x 177 mm, Gewicht: 494 g

This practical guide to understanding how regulators build insight and form judgements will help organisations to develop their strategy and approach to engagement and to improve their regulatory outcomes.

From fintech and regtech,robot-assisted surgery and advances in stem cell technology, the explosion in use of social media and advances in computing power and AI to the development of autonomous vehicles and digital environments such as the metaverse, these exciting developments present questions, invite debate and have implications. These rapid new developments also join a world described as being increasingly VUCA (volatile, uncertain, complex, and ambiguous), making industry-regulator relationships more important than ever to prevent consumer harm and to configure business success. This book is written for those who wish to build positive and progressive relationships with their regulators in these exciting times of rapid advancement. From developing their strategy, through to the practicalities of how to prepare and engage with regulators, readers are navigated through an ecosystem of insight to help build an understanding of what informs their regulator’s opinion and judgements. Underpinned with real-world experiences and examples, this book shows that, through clearer strategic focus and more effective relationships, organisations can refine their approach and build their relationships to drive mutually beneficial regulatory relationships that avoid negative consequences and unnecessary costs.

Board members, executives, senior leaders, risk, compliance, legal professionals, regulators, and students of business, finance, and law will refer to this book again and again to guide holistic thinking about regulatory relationships and use the insights these can provide to help them calibrate their actions, activities, and progress.

Zielgruppe

Adult education, Postgraduate, and Professional

Autoren/Hrsg.

Somerset, Nigel P.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Interdisziplinäres Wissenschaften Wissenschaften: Forschung und Information Risikobewertung, Risikotheorie
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmensethik
• Rechtswissenschaften Öffentliches Recht Verwaltungsrecht Verwaltungspraxis
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Versicherungswirtschaft
• Wirtschaftswissenschaften Betriebswirtschaft Management Strategisches Management
• Wirtschaftswissenschaften Betriebswirtschaft Management Risikomanagement

Inhaltsverzeichnis

List of Figures Preface Route Map of the Book Acknowledgements About the Author 1. How Do Organisations Think About Regulatory Relationship Strategies? 2. A Framework For Building More Effective Relationships 3. The Role Of Trust In Regulatory Relationship Strategies 4. Foundations: Establishing Trust In What You Build 5. Navigation: Establishing Trust in Strategy, Culture, Leadership and Conduct 6. Outcomes: The Ecosystem Informing Regulatory Opinion 7. Engagement: The Practical Considerations When Interacting With Regulators 8. Pandemic Crisis: Relationships Matter! Conclusions: Surrounding Areas for Future Focus Appendix I – An Introduction To Regulatory Theory Bibliography Glossary Index

Über Autor(innen)

Dr. Nigel Somerset is an independent consultant focused on transforming the performance, risk, and compliance of businesses. His experience includes accountability for leading portfolios valued in billions sterling through economic cycles including the Global Financial Crisis, shaping and influencing industry strategy, and supporting organisations and executives on regulatory matters spanning day-to-day supervision, regulatory challenge, through to sanction. Nigel also serves as executive in residence at the A.A.C.S.B.-accredited Sheffield Business School, is an Associate of The London Institute of Banking & Finance, and holds a D.B.A., M.B.A., and B.A. (Hons) Financial Services.