From GDPR to PSD2, the challenges of regulatory change extend far beyond the numerous acronyms. Which regulations should treasurers be focusing on in 2019 and how can treasurers best manage the implications of the changes? George Dessing, SVP Treasury & Risk, gives his view on how Wolters Kluwer approaches regulatory change when it comes to the treasury function.
For corporate treasurers, the importance of managing regulatory change may be nothing new – but in recent years, the high volume of new regulation has pushed this topic higher up the priority list than ever before.
Consequently, it should come as no surprise that research published by the Economist Intelligence Unit in 2018 found that 35% of respondents identified regulation as a driver of change. The impact of regulatory changes can affect many different areas of treasury.