The “old” world in which we trusted to foster our companies is in the midst of a crisis. The current system appears vulnerable and on the verge of collapse, while regulations are increasing across the board, including international trade agreements, proposed new standards, anti-fraud and anti-money laundering laws, etc. So does this wave of fresh legislation safeguard our knowhow, or encourage ethical conduct? Is it positive and constructive or, on the contrary, restrictive? Is financial risk-taking through innovation compatible with rules and regulations? When compliance is either scant or non-existent, behaviour tends to cross the line. Could we say that this is the case for the boundless investments made by the GAFA group of companies? Could “meta” regulations such as risk management help or support them? Or conversely, would it hamper them or weigh on their performance? Above and beyond these considerations, the people at the heart of the reactor remain the main driving force of corporations. Risk managers are acutely aware of this fact.
Industry Director, GOOGLE FRANCE
Chief Economist, EULER HERMES