Technology and regulatory risk
Posted: Thu Feb 20, 2025 6:27 am
It is undeniable that technology and all the advances that have come with it have revolutionized work models in all sectors. In the case of the RIG area, technological tools have become crucial allies in ensuring good performance of the activity.
This is because, by investing in intelligent monitoring of government actions, there is a significant reduction in time to perform the task and, consequently, a reduction in costs for the organization, in addition, of course, to greater effectiveness in the result.
But, in addition to legislative monitoring and strengthening relationships with stakeholders , technology also proves essential to RIG's strategic planning activities with regard to regulatory risk management.
As important as anticipating political risks, implementing solid georgia mobile database regulatory risk management enables organizations to anticipate, map scenarios and structure consistent strategies to indicate the best path forward, so that companies are prepared and in compliance with regulations during the defense of interests agenda.
This risk management process is increasingly consolidating itself as a key factor in action, since the regulatory risk that affects companies can arise unexpectedly on the part of the regulatory agent, from the review of existing regulations or even from actions by different bodies in the same sector.
In this sense, it is worth highlighting that companies must be aware of the variables that may occur in their sector of activity and be prepared for them. Therefore, investing in monitoring sector standards, having full knowledge of the impacts of sector regulations, disseminating information and approaching stakeholders are activities that must be included in strategic planning to guide regulatory risk management.
The same position applies to sectors where there is no regulation. Regulatory risk management should not be lost due to a lack of regulatory activities in the sector, especially because, in these cases, when the State turns its attention to the segment, the tendency is for measures to first emerge to punish companies and/or actors or to immediately initiate regulation, and only then a process of dialogue with the sector can be initiated.
This is because, by investing in intelligent monitoring of government actions, there is a significant reduction in time to perform the task and, consequently, a reduction in costs for the organization, in addition, of course, to greater effectiveness in the result.
But, in addition to legislative monitoring and strengthening relationships with stakeholders , technology also proves essential to RIG's strategic planning activities with regard to regulatory risk management.
As important as anticipating political risks, implementing solid georgia mobile database regulatory risk management enables organizations to anticipate, map scenarios and structure consistent strategies to indicate the best path forward, so that companies are prepared and in compliance with regulations during the defense of interests agenda.
This risk management process is increasingly consolidating itself as a key factor in action, since the regulatory risk that affects companies can arise unexpectedly on the part of the regulatory agent, from the review of existing regulations or even from actions by different bodies in the same sector.
In this sense, it is worth highlighting that companies must be aware of the variables that may occur in their sector of activity and be prepared for them. Therefore, investing in monitoring sector standards, having full knowledge of the impacts of sector regulations, disseminating information and approaching stakeholders are activities that must be included in strategic planning to guide regulatory risk management.
The same position applies to sectors where there is no regulation. Regulatory risk management should not be lost due to a lack of regulatory activities in the sector, especially because, in these cases, when the State turns its attention to the segment, the tendency is for measures to first emerge to punish companies and/or actors or to immediately initiate regulation, and only then a process of dialogue with the sector can be initiated.