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Monday, July 29, 2013

Deloitte Survey: Institutions Report an Increase in Compliance Cost

Deloitte has released its eighth biennial survey on global risk management. From the repot:
More institutions reported an increase in the cost of compliance (65 percent, up from 55 percent in 2010) and said it had caused them to revise product lines or business activities (48 percent in 2012, a doubling from 24 percent in 2010). Many institutions also said that regulatory reform resulted in their maintaining higher levels of both capital (54 percent) and liquidity (37 percent).

Read the full report.

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