Damage to name is firms biggest concern

LOSING a company’s good name is a bigger threat than losing money for Irish financial services managers, according to a new survey.

Financial services firm Pricewaterhouse Coopers (PwC) said reputational damage was a much greater concern for managers than bad lending decisions or inefficient business processes.

But the survey also warned financial regulator IFRSA that the Irish regulatory environment was seen as too complex and was the biggest single barrier to companies achieving the highest levels of compliance.