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Deloitte has announced the launch of its Asia Pacific Centre for Regulatory Strategy, in an attempt to strengthen advisory capabilities throughout the region.
With regulation in the financial services industry posing a challenge to organisations on a global scale, the centre will focus on promoting regular dialogue with the industry and regulators.
Advisory services across the Deloitte Asia-Pacific network will allow the firm to deliver critical insights into the management and impact of regional and international regulatory policy.
Kevin Nixon, lead partner of the newly formed centre, lauded the ability to assist in a shift in regulation.
“For Deloitte it will significantly strengthen the firm’s capability to provide clients in the Asia Pacific with the necessary forward looking advice on successfully managing complex regulatory change,” he said.
“Financial institutions in Asia Pacific are under an increasing amount of pressure to meet international regulatory timelines while managing varied local regulatory requirements,” noted Dr. Janson Yap, Asia Pacific enterprise risk services leader for Deloitte.
“This centre will help organisations navigate these challenges by taking a forward looking view of regulation and its implications on business strategy,” he added.
Coinciding with the launch, Deloitte has published a white paper in which it details the key elements of current international reform.