Regulatory environment
Deregulation of markets, for instance the power and gas markets the last decade, and innovative product design, such as the boom in credit default swaps and CDOs, go hand in hand with waves of regulation, aimed at securing the financial system and its users (IFRS, MiFID, Solvency II, Basel II, UCITS III,…).
Regulatory compliance is part of the cost of doing business. Nevertheless, those organisations that learn how to operate effectively within those boundaries, can turn this into a competitive advantage and reputational added value.
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