E&Y red-flags top three risks
Businesses have highlighted the ‘ever present daily risk of global rules, regulations and compliance’ as the top three threats to their fortunes, Ernst &Young has said
Fiona Sheridan, head of risk advisory services at
E
&Y, said: ‘Globalisation continues to cause a major compliance headache
for many organisations, which are frequently being forced to manage diverse
regulations as they expand into new markets.’
E
&Y said that the global heavyweights of tomorrow are already identifying
these risks and developing strategies to use them as a point of competitive
advantage in the race for increased market share.
Sheridan added: ‘This report is just a snapshot of the risks we see now. If
we had done this exercise ten years ago, it is unlikely that climate change
would have placed so highly. That is why it is so important for global
businesses to be looking at all risks, not just the critical risks of today, but
also those sitting just below the horizon. They could rapidly become critical.’