Nearly two thirds of chief executives in the global financial services industry ...
Nearly two thirds of chief executives in the global financial services industry view over-regulation as one of the biggest threats to their organisation, according to a new survey.
And only 44% of chief executives in the sector are optimistic about business growth prospects for the next 12 months, a survey by PricewaterhouseCoopers revealed.
The research, which specifically focuses on governance, risk management and compliance issues (GRC), also revealed that other threats were loss of key talent (58%) and low cost competition (42%).
Of the 233 global financial services chief executives interviewed, nearly half considered GRC a value driver and a source of competitive advantage.
Effective GRC can have a positive impact on legal liabilities, and on reputation and brand, said 70% and 69% of chief executives respectively.
