Regulatory Alchemy: Transmuting Compliance Tax into Business Value
Posted: Wed Sep 21, 2016 7:07 am
This article was written by David Murray, Chief Business Development Officer at Corvil.
Necessary evil
The ever-expanding regulation of the financial markets is becoming a lead weight for many shops, increasing operating expenses while dragging down profit margins.
Some consider it a necessary evil for safe, efficient markets and for maintaining investor confidence. Others see it as misguided, if well-intentioned, political meddling into what should largely be a laissez-faire system. All recognize it as a tax: it must be satisfied to avoid consequences, but it definitely isn’t promoting innovation or adding new, unique value to customers.
The costs of compliance, ... (read more)