What does regulatory change mean for your business?
PwC recently conducted a survey with a number of our banking clients asking "what does regulatory change mean for your business?" Not surprisingly the unanimous answer is that it is a major headache that will significantly impact their business.Some of the key findings of the survey were:
- The volume of reforms means significant complexity for implementation and compliance
- Inconsistencies in the way countries implement global reforms threatens to undermine the reforms' effectiveness
- Implementation is hazardous when the rules aren't clear or lead times are short
