New laws and regulations often come at inopportune times and seem to be introduced all the time. How do you deal with this as an organisation and how do you determine which regulations are important to you?
PwC offers a framework to help you with this. In four steps you can form a well-founded opinion about the purpose, effectiveness and efficiency of regulation.
New risks
Laws and regulations can have far-reaching consequences, often affecting the most fundamental aspects of our lives, including the way we do business. Global developments such as climate change and digitisation are creating new risks.
Developments around regulation
Governments are responding to this by introducing new regulations, which are based on the principle that they protect us against the risks. Due to the speed of change, we can imagine that you sometimes feel overwhelmed and find it a challenge to keep up with all the developments surrounding regulation.
More insight in four steps
The PwC framework can help you with this. With the help of the framework, from the moment legislative proposals or amendments are introduced, you can proactively work on the possible consequences for you. With four steps, the framework is concise and it further emphasises social-economic aspects of regulation.
Climate change regulation as an example
Our publication contains an example of how you can apply the framework. We looked at regulations aimed at climate change. The far-reaching impact of changes in climate has prompted many to question the best way to respond to this risk. As climate change regulation is relatively new, the framework can help create a well-founded discussion about how best to combat climate change through law and regulation.
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