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  • Practice Management - QuickPress

    “Regulations Pushing Up Financial Firms Costs” Finds Study. Burden: “60 Rule Changes Every Working Day” –Financial Times

    May 18, 2012

    In an article titled “Regulation ‘Pushing Up Financial Firms’ Costs” The Financial Times‘ chief regulation correspondent Brooke Masters  reports that extraterritorial regulations, rules that affect businesses outside the country that enacts them, are pushing up costs and driving banks, insurers and asset managers away from particular markets, a survey of global financial firms has found.   More than half the groups that participated in a survey that the Protiviti regulatory consultancy will unveil on Monday said they had decided not to enter – or had exited – specific countries because of concerns about their laws and regulations. Nearly that many,…

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