Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Friday, February 20, 2015

Analyst: Regulators Underestimate Dodd-Frank Costs by Billions

Regulatory agencies have failed to count the monetary costs of complying with several major Dodd-Frank Act regulations, according to an analyst at the American Action Forum. In an article published yesterday, Sam Batkins estimated that the unmonetized compliance burden amounts to 35.8 million hours.

Depending on how one calculates the cost — either by using the average salary of a compliance officer or calculating GDP per hour worked — the uncounted monetary cost of Dodd-Frank rules ranges from $1.1 billion to $2.1 billion, Batkins said. Only four of 47 major Dodd-Frank regulations included a regulatory impact analysis, he added, and just 31 included cost estimates.

Read more.

No comments:

Post a Comment

Please read our comment policy before making a comment.