Regulation: Reshaping the financial industry

Nita Kohli

In an era of limited investment spend prioritisation and increased focus on risk management, senior leaders in organisations often ponder a crucial question: is the primary focus on complying with regulations and meeting implementation timelines, or is it on the organisation’s resilience in delivering critical services? Prioritising regulatory compliance alone can limit strategic capabilities, stifle innovation and hinder creativity. The real issue concerns assessing the organisation’s resilience.

There is considerable variation regarding the level of regulation across industries, and it is crucial for organisations to stay abreast of regulatory developments in their specific industry to ensure compliance and to proactively enhance operational resilience. This understanding helps organisations anticipate and address potential regulatory requirements that may impact their operations.

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  • Highly regulated industries: Industries such as finance and banking, healthcare, and critical infrastructure typically have well-established regulations specifically addressing operational resilience. These regulations often mandate organisations in these sectors to implement comprehensive measures for