How current macroeconomic and geopolitical trends are impacting finance

Host Myles Corson discusses macroeconomic and geopolitical trends impact with Sally Jones, EY UK Trade Strategy & Brexit Leader and Nicolas Veron, Senior Fellow at Bruegel, Brussels & Peterson Institute for International Economics, Washington.

The discussion references two major events - Brexit and Covid-19. Sally and Nicolas share their perspectives on the evolving role of CFOs pre- and post-pandemic, and ways industries are pushing themselves in new and innovative ways to cope with changes.

Corporations and government organizations have been incredibly adaptive to the lockdown conditions presented by the pandemic, effectively utilizing technology to shift from in-person to remote work. The challenges businesses are facing and how they’re shaping the role of CFOs and finance leaders in addressing those challenges cannot be understated.

Key takeaways:

  • Technology is moving faster than governments and regulations can keep pace with. As disparate regulations emerge to protect consumers and their data, it has become increasing difficult for companies to meet all of the obligations, particularly businesses that operate cross-border.
  • Plurilateral trade negotiations are coming together to create cutting-edge, trading commitments that will oblige companies operating within those countries to meet new and more ambitious sustainability standards.
  • Trade disruptions, including ones experienced with Brexit or pandemic-related supply chain issues, can help companies pinpoint and modify business functions that operate in isolation.

For your convenience, full text transcript of this podcast is also available. Read the transcript.

Presenters

Myles Corson
EY Global and Americas Strategy and Markets Leader, Financial Accounting Advisory Services
Sally Jones
EY UK Trade Strategy and Brexit Leader

Podcast

Season 4, Episode 3

Duration 36m 19s

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