2007 compliance costs a major worry says survey
Nearly two-thirds of respondents to CBI/PWC questionnaire fear increased spending
With 2007 set to be a momentous year for regulatory compliance in the financial markets, a recent survey has further highlighted firms’ financial concerns. In the 69th edition of their quarterly papers a CBI/PricewaterhouseCoopers (PWC) survey has found that 60% of those firms questioned believed that costs will rise.
This figure contrasts with only seven per cent of respondents who believed costs would go down and further adds to industry-wide concern about upcoming regulatory burdens
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