News

Rising Compliance Costs Burden Financial Firms

Thu April 21, 2016

A fiercely raging debate for the last five years is whether or not the added costs imposed on businesses that must comply with increased regulations justifies the benefits of those increased regulations.

While that debate continues, one thing that is hard to dispute is that the increased regulations have resulted in greater compliance costs for firms in the financial industry. A recent survey of C-level financial services executives, risk services directors, and compliance officers showed that more than three-quarters of respondents have seen their compliance costs rise due to regulation.

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