Firms overly focused on regulation, says PwC

Corporate risk managers are too focused on complying with regulations at the expense of helping their companies operate, according to a new report.

The PricewaterhouseCoopers and Economist Intelligence Unit report criticises corporate risk managers for "a tendency for successful risk management to be defined in regulatory terms". The danger is that reduced regulatory pressure will mean managers will ignore risk management issues.

"If this is the case, it would certainly be dangerous - should an