How will regulation affect financial services firms in 2017?
Well, everyone agrees it will bump up costs, according to a study by corporate finance advisor Duff & Phelps.
Of 181 financial services professionals surveyed for the study, 77% of respondents said that up and coming financial regulations will increase costs for their firms. The only other choice to receive a high level of agreement from participants was “improve internal systems and controls,” with 53%.
However, only 30% of participants thought that the regulations would give their firms a higher level of competitive advantage, while only 15% anticipated that they would see a benefit when it came to product or service offerings.
The full report is available here.Like This Post