This year sees an increase in responses and global coverage, particularly from the emerging markets. Emerging markets also rose in profile in the survey, although more from the developed world's worries about economic stability than from concerns within the emerging markets themselves.

The main headline of this year’s survey reflects concerns around over-regulation for the second year running. At the heart of this is frustration with the growing cost and complexity and the diversion of management time to deal with this. The industry is again throwing down a challenge to the regulators as to whether they have the right balance of cost and benefit.