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.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
