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 crucial. With real-world experiences and examples, it guides organizations to build positive and progressive relationships with their regulators, driving mutually beneficial regulatory relationships that avoid negative consequences and unnecessary costs.

Format: Paperback / softback
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, and AI, have raised numerous questions, sparked debates, and had significant implications. In this VUCA (volatile, uncertain, complex, and ambiguous) world, industry-regulator relationships become even more important to prevent consumer harm and configure business success.

This practical guide aims to help organizations build positive and progressive relationships with their regulators in these exciting times of rapid advancement. It provides a comprehensive roadmap for developing a strategic approach, preparing for engagement, and navigating the complex ecosystem of insight that informs regulators' opinions and judgements.

The book is written for those who wish to establish constructive and mutually beneficial relationships with their regulators. It covers various aspects, including developing a strategic focus, understanding regulatory perspectives, effective communication, and building trust. Real-world experiences and examples are used to illustrate the key principles and strategies for building successful regulatory relationships.

Organizations can refine their approach and build stronger relationships with regulators by adopting a holistic thinking approach. This involves aligning business goals with regulatory requirements, demonstrating compliance, and engaging in open and transparent communication. By understanding the factors that influence regulators' decisions, organizations can position themselves as responsible stakeholders and contribute to the overall development of the industry.

Board members, executives, senior leaders, risk, compliance, legal professionals, regulators, and students of business, finance, and law will find this book invaluable. It provides a comprehensive framework for understanding regulatory relationships and leveraging the insights these can provide to drive mutually beneficial regulatory outcomes.

In conclusion, this practical guide to understanding how regulators build insight and form judgements is a valuable resource for organizations seeking to navigate the complex regulatory landscape and build positive relationships with their regulators. By adopting a strategic approach, effective communication, and a holistic thinking mindset, organizations can improve their regulatory outcomes and contribute to the growth and development of the industry.

Weight: 470g
Dimension: 254 x 178 (mm)
ISBN-13: 9781032286761