The cost of regulation

Basel II (and the collection of changes called “Basel II” by some), King III, Solvency II / SAM, IFRS changes, Treating Customers Fairly, FICA, Protection of Personal Information, RE exams and of course RICA all cost a small fortune. ¬†Only the last doesn’t affect financial services companies. ¬†No wonder the major industry concern is over-regulation.

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