Regulatory compliance might sound like a tedious box to check, but it’s actually the backbone of a well-functioning business. At its core, it ensures your organization operates within the boundaries of laws and industry standards. For example, a healthcare provider must adhere toHealth Insurance...
There are three broad classes of regulatory approvals that projects may require: a certificate of public good, a siting approval, and the legal authority to take land. These are summarized and compared across project types inTable 1and described in more detail below. Building new lines requires...
automating predictive and preventive maintenance tasks, enabling proactive strategies, and documenting activities for regulatory compliance. Providers should deliver robust training and support services throughout the entire lifecycle of the software—before, during, and after implementation. ...
social and governance (ESG) issues. These campaigns can link a brand's public image to environmental sustainability and help drive sales. However, organizations may face accusations of greenwashing from activist groups, consumers and regulatory bodies if they make exaggerated...
Financial institutions, payment processors, and regulatory bodies rely on MCC codes to monitor and analyze economic activities. What are Merchant Category Codes? Merchant Category Codes, commonly known as MCC codes, are four-digit numerical codes assigned to businesses to classify their products or ser...
Regulatory lawSecurities lawCanadaInternational bodies have criticized Canadian financial markets for being lax in the area of enforcement. We examine whether such criticisms are applicable to settlements struck by the Ontario Securities Commission (OSC). We reach a number of important findings. First, ...
According to George Stigler, regulatory capture is caused by cultural capture, where the industry and the regulators form a friendship. Also, members of the regulatory bodies hailing from the industries can also cause regulatory capture. What is an example of regulatory capture?
A real-life example of a company protected by high barriers to entry isAlphabet (NASDAQ: GOOGL). The search engine market is highly scrutinized by regulatory bodies, particularly related to antitrust. The Google search engine platform is the dominant player in the market by a substantial margin...
By being aware of the different methods of money laundering, we can take steps to prevent these schemes from succeeding and remain compliant in the eyes of regulatory bodies. The UK government enforces strict anti-money laundering regulations and collaborates with international partners to combat ...
Government and regulatory bodies– Under the umbrella of a stakeholder who can greatly impact the operational success of a business come the government and regulatory agencies who pass the rules that organizations must follow. These compliance initiatives can touch everything from ethical business practic...