Across Europe, regulators are more powerful and better resourced than ever, and the obligations facing companies are becoming increasingly complex. Our European Regulatory Risk Awareness Survey canvassed the views of 250 decision makers within the largest European companies across sectors. It reveals that although some businesses are aware of the threat posed by a failure to ensure compliance and manage risk, many are not familiar with the extensive powers of the regulators.
These are the key findings of the report:
* Management feels the threat of regulation
* Businesses are not managing regulatory risks effectively
* Many businesses are oblivious to US regulators
* Prison sentences present a real risk
* Companies fear damage to reputation and brand equity above all else
* Crisis management is deficient in European business
* Businesses do not understand the powers of regulators
* Companies are overconfident but under compliant
Access full Report.
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