What are the opportunities and challenges for the year ahead - Prof Gunter Dufey

Prof Gunter Dufey of PIBA SA

Feb 5, 2019

Prof Gunter Dufey, Professor Emeritus of Corporate Strategy, International Business and Finance at University of Michigan Ross discussed the compliance opportunities and challenges for the year.

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1. What are the opportunities and challenges for the year ahead?

Video transcript

1. What are the opportunities and challenges for the year ahead?

I think obviously the trend has, in my personal view as an academic observer, has been to increase and put more compliance burdens on the industry. However, I think there is now some restrictions because, and in the case of Singapore it is very apparent, it does cut into our business. Fortunately, other people are under the same pressure, and so now we really have to say, “What is our job?” A specific example, compliance with the exchange controls of foreign countries. Clearly, if we play that game, that would be a large end of our business given the nature of the region. So, I think there is politically a trend against it. Let’s make sure we choose regulations that have to be followed and where as a jurisdiction we do not play with these rules.

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