Connected Thinking By Russell
Episode 6: Why Connected Risk will redefine Regulation
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:12:05
- More information
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Synopsis
The rise of Connected Risk, reflected in multi-class events such as Harvey and WannaCry, is poised to shake up-regulation in an unprecedented manner. Regulation is moving away from "old-world regulation" focusing on the when and what of a risk, towards a "new-world regulation", analysing whether a risk contains the 'risk drivers' (natural perils, political violence, trade credit, supply chain and cyber) that will combine to create financial, operational and reputational loss. Yet, there is a change coming. Transport for London's decision to revoke Uber's London licence is a glimpse of the more muscular approach, that regulators need to adopt in the connected world.