Building resilience: Navigating regulatory changes, cyber threats and investigations
As businesses navigate through the complex landscape of regulatory changes, cyber threats and investigations, EY has announced its upcoming seminars titled ‘Building Resilience: Navigating Regulatory Changes, Cyber Threats, and Investigations.’
The seminars will provide valuable insights and practical solutions to help delegates prepare for the ongoing challenges they face.
Businesses face an ongoing challenge of discerning relationships and connections between investments, customers and supply chains, as well as identifying the relationships and their touch points with jurisdictions, activities, businesses and individuals. Given the constant changes in the FATF grey list and the ever-evolving rules and regulations governing business operations, companies face an ongoing imperative to adapt. The rise in information requests and investigations, cyber threats and the complexities of operating in a hybrid and increasingly online world further add to the challenges businesses encounter, elevating the level of risk they must manage.
The breakfast seminars are taking place from 8.30am – 10.30am on Wednesday, 27 September at the OGH Hotel in Guernsey and Thursday, 28 September at the Pomme d’Or Hotel in Jersey. Attendance is free for all delegates.
During the seminars, delegates will have the unique opportunity to hear from EY’s experienced practitioners and thought leaders in the fields of information requests, investigations, cyber and data.
They will gain valuable insights into the ever-evolving regulatory landscape, as well as strategies to build resilience, drive efficiencies, and mitigate risks in an increasingly complex environment.
Kirsty Mackay (pictured), an Assurance Partner at EY who will be presenting at the seminar, emphasised the importance for local businesses to mitigate the increasing risks arising: “It’s crucial that businesses know who they are working with, how their people are working, and how they can protect their organisation. This will help build resilience, drive efficiencies, and reduce risk in an increasingly challenging environment.
“During the seminars, we will also be addressing the increasing importance of ESG regulation in the Islands. While the ESG regulation framework is still evolving in the Channel Islands, the direction of travel is clear. The ISSB has launched its inaugural international sustainability standards and developments in ESG-related regulations are being seen in the UK, US and EU.
“A company can be exposed to ESG risk via disclosures, customers, products, investments and supply chains and enforcement action has started. Both islands have clear sustainable finance strategies which will give rise to different challenges and opportunities for our financial sectors. Stakeholders expectations are significantly changing increasing the need for a systematic approach to ESG.”