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Reg rageMay 24 2018

The ever-rising cost of global regulatory fragmentation

According to a recent study, diverging regulatory frameworks across the world are costing financial institutions $780bn a year – and the bad news is this could get worse. By Justin Pugsley.
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What is happening?

The International Federation of Accountants and Business at the Organisation for Economic Co-operation and Development have published a report called ‘Regulatory divergence: costs, risks, impacts’, which revealed that regulatory divergence across jurisdictions costs financial institutions about 5% to 10% of their annual turnover, or $780bn a year in total.  

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