Commentary

Ex-KPMG CEO on how to regulate businesses for growth

Regulators need to do more than just cutting red tape and bureaucracy, says former KPMG chief executive

Mary O’Connor says regulators need a ‘shift in mindset’ if they are to achieve their growth objectives
Mary O’Connor says regulators need a ‘shift in mindset’ if they are to achieve their growth objectives

Mary O’Connor is a former member of KPMG’s UK board and was its acting CEO in 2021. She is a board member of Hargreaves Lansdown , Ascot Lloyd and Carne Group.

Following the 2008 global financial crisis, governments around the world beefed up financial services regulation by requiring institutions to hold more capital, treat customers fairly and upgrade their risk capabilities.

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