With the Dodd-Frank Act rulemaking nearly complete, 2013 might be a slightly quieter year for regulatory change in the United States. Not so for Europe and other global regions.
Global regulators, accounting standard setters, and foreign enforcement agencies have a full pipeline of new initiatives, many of which will affect U.S. businesses. Here are 10 developments to watch on the global compliance front in the coming year.
1. Time for a Bribery Act prosecution? It didn't happen in 2012, so will 2013 be the year that the U.K.'s Serious Fraud Office decides to prosecute a company under its two-year-old Bribery Act? The odds on that happening increased in October when the prosecutor withdrew guidance aimed at helping companies to stay on the right side of the law and said (again) it was taking the gloves off. Yet the reality is that the SFO remains starved of resources and is heavily reliant on companies “self-reporting” their wrongdoing—something its policy... To get the full story, subscribe now.
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