|Source:||PR Newswire Association LLC|
The Protiviti survey reveals numerous areas of concern within the U.S. and
“While certain aspects of current reform packages are intended to create more proactive regulatory regimes, doubt lingers about the ability to identify developing crises in the future and respond to them in a timely manner,” said
Beaumier added that U.S. regulators are still in the process of proposing and finalizing hundreds of new regulations as required by the Dodd-Frank Act, which passed into law last summer.
Other topics addressed in Protiviti’s study include international coordination of regulatory reform; the effect of regulatory reform on company culture; and shifting of business operations to jurisdictions with more inviting regulatory regimes.
“Protiviti believes those organizations that are proactive during the early stages of regulatory reform in considering how regulatory changes are likely to affect their business will come out ahead of their competitors,” said
Protiviti conducted its Financial Services Regulatory Reform study in
A complimentary copy of the survey is available at: www.protiviti.com/regulatoryreformsurvey.
Protiviti is a global business consulting and internal audit firm composed of experts specializing in risk, advisory and transaction services. The firm helps solve problems in finance and transactions, operations, technology, litigation, governance, risk, and compliance. Protiviti’s highly trained, results-oriented professionals provide a unique perspective on a wide range of critical business issues for clients in the
Protiviti has 60 locations worldwide and is a wholly owned subsidiary of
Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.