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The widespread adoption of emerging technologies is a growing reality.

According to a research released in late 2013, worldwide spending on public IT cloud services would reach $47.4b and is expected to exceed $107b by 2017. Cloud services, which delivers business agility and better digital experience for consumers, have also created escalating concerns around cyber-security risks. For example, in the insurance sector, insurers are facing pressure to better understand this type of risk in order to underwrite, price and service cyber liability policies.

These challenges underscore the need for digital governance operating models that clearly define ownership and governance across the business. Successful organizations know that effective governance and compliance is an integrated, enterprise-wide effort. Corporate risk strategy must look at every possible risk exposure and related oversight responsibilities.

Companies are also leveraging M&As to acquire new technologies for growth and innovation. Yet, the challenge lies in getting the valuations right.

Global legislative changes such as the OECD’s base erosion and profit shifting project has also prompted organizations to address internal challenges to achieve evolving tax and statutory reporting obligations. Our new report Managing operational tax risk has more.

In a separate sector report, we look at the key themes affecting the earnings and risk appetite of global institutions in the banking and capital markets.

Lastly, join us at our upcoming events as we discuss employer reporting obligations of employees' remuneration, among others.

Have a business enquiry? Email us today.

With this, I wish you a pleasant read.

Max LohMax Loh
Managing Partner, Asean and Singapore

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Thought leadership