KPMG invests further into the Africa Regulatory Centre of Excellence
KPMG in South Africa today announced further investment into their Africa Regulatory Centre of Excellence (RCOE).
“Post the Global Financial Crises, Regulatory Change and the associated Reputational Risk continues to be a Top 5 business priority that executives and non-executives alike at Financial Services and other institutions are grappling with. It remains confusing, noisy and overwhelming.
Above that, scrutiny from multiple stakeholders, including regulators, investors, counterparties and other market participants, is intensifying and detailed compliance demands are ever increasing. It is against this backdrop that we originally launched the RCOE in 2013 and now continue to invest in it,” says Tim Bashall, leader of the overall RCOE in South Africa.
The RCOE offers an integrated multidisciplinary team approach to regulatory change, assisting companies in developing a comprehensive outlook across the regulatory landscape that affects them and an understanding of its overall impact on their business. With KPMG’s enhanced service offering, the Firm is now uniquely positioned to assist companies in the timely monitoring and compliance with the increasing and constantly evolving regulatory requirements in South Africa.
“Owing to the frequent significant regulatory changes taking place, companies in the Financial Services sector are increasingly demanding pragmatic solutions from advisors that have a clear-cut global and local view of the regulatory change agenda,” says Alison Beck, the leader of the Financial Services RCOE in South Africa.
“As such, the further investment in the KPMG RCOE speaks directly to the companies struggling with these changes. Important to note is the fact that these regulatory changes can no longer be seen from a single point of view, as they require multidisciplinary perspectives to ensure that the challenges are tackled holistically. Thus, we believe that the collaborative approach adopted by our KPMG RCOE operating model enables us to bring the best of our Firm’s experts to provide seamless regulatory change solutions as and when the market dictates,” says Beck.
Companies who choose to “be on the inside” with KPMG’s RCOE, will have access to a multidisciplinary team of global and local regulatory experts who have years of practical, relevant insight and experience, thereby ensuring clients are continuously on the inside track of legislative and regulatory change.