Change and Transformation Leader, passionate about creating the best environment for the delivery of value. Head of Change, Transformation Lead, Programme Lead, Functional Team Lead, Author
🌊 It’s been a while since I’ve had to navigate the choppy waters of Regulatory Change - what’s changed? 🌊 Regulatory Change used to be focused on: stopping bad things* Which was a clear objective and hard to argue with. Now it’s also about achieving good things*: 👉Achieving value and a fair playing field for consumers 👉Achieving macro-change, saving the world no less I.e. with sustainability regulation. Again, no one is going to argue with the intent. *as defined by the regulator But take care of the unintended consequence ✋ 💸Implementing regulation and maintaining compliance is complicated, time consuming and therefore expensive. 💸The cost of compliance has to be borne by someone, eroding returns (on investments) or making the cost of entry too high - potentially for the consumers the regulation is seeking to help. 🤔To complicate the alphabet soup of regulatory acronyms further - regulation can contradict other regulation Somethings never change though, the challenge of interpreting complex, often opaque and sometimes confusing regulations and their business impact remains. It’s an industry in itself 🏭 Thanks to Devlin Mambo LLP for inviting me to their quarterly Regulatory Management forum, a very informative and insightful event👏 #RegulatoryChange #Change
