It is no secret that the past few years have seen a huge increase in the regulatory compliance burden on multinationals. In particular, regulators have sought to create greater transparency on tax matters. However, we have now entered a new phase.

As we all know, when it comes to their regulatory obligations, international companies face ever moving goalposts. Regulators are tightening compliance requirements based on a number of frameworks worldwide related to areas such as governance, financial responsibility and sustainability.

By the time private equity (PE) giant KKR closed its largest ever European fund [last month], over a quarter of the €5.8bn had already been committed. The ever-increasing speed at which the titans of private capital are raising and deploying funds is something to behold.

Citco GSGS’ operations and business development teams have long been active participants in the calendar of governance and compliance industry gatherings. Having been pioneers of global subsidiary governance as the sector has grown, we have always considered it an important part of our role to help steward the discipline, speak from our experience and share our knowledge with the wider industry.