Zurich — The sheer volume of regulations and complexity of the international regulatory environment have made the management of regulatory risk one of the most pressing concerns for global businesses, ahead of natural disasters, terrorism and other operating risks, according to a new global survey of senior executives conducted by the London-based Economist Intelligence Unit (EIU) and co-sponsored by The ACE Group of Companies, a global commercial property and casualty insurance and reinsurance organization based in Zurich.
According to ACE, the impact of the worldwide credit crisis is expected to have a further impact with new and more stringent regulation for those organizations in the financial services sectors.
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