FIs Expect Regulation to Increase Costs in 2017 (Without Doing Much Else)

  • Grace Noto
  • April 11, 2017
  • 0

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.

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