Page 20 - The Banks Article
P. 20
Regulations
Nevertheless, the study (9) notes that banks have paid
heavily for the problems they created and face a tough
landscape ahead.
"Managing these costs is a major burden for banks, requiring
the creation of a strong non-financial-risk framework to avoid
errors of the past," the Boston Consulting authors said.
Among the biggest obstacles to growth is a set of
regulations that has averaged 200 revisions a day since
2011, the year Congress adopted the Dodd-Frank reforms.
(Diagram 11) (12)
Diagram 10: Regulatory Change
