The regulatory cost burden for the financial services industry has been forecast to almost double by 2010
A tidal wave of regulation has swept across the financial services industry as a result of the credit crunch and the financial burden of the increased regulation is unlikely to peak until it reaches £48bn in 2010, according to the latest report from Deloitte UK.
The report, In Control? based on a study of actual operational data from 32 major financial institutions around the globe, forecasts the costs of regulation will almost double from £28bn in 2007, to about £48bn by 2010.
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