Survey highlights concerns of U.K. and U.S. executives over costs and benefits of regulatory reform initiatives   

In the third quarter of 2010, Protiviti conducted a survey on regulatory reform and its impact on financial services companies in the United Kingdom and United States. Respondents were asked in a series of questions to assess the effects of regulatory reform initiatives in their home countries and globally, specifically looking at the effectiveness of reforms in preventing another crisis, compliance costs and international coordination.

Amoung the key findings:

1. Regulatory reforms will not prevent future crises, but may moderate some of their effects.
2. Regulatory reform is viewed as detrimental to recovery from the financial crisis.
3. Regulators will shape the industry more than new laws.
4. Compliance costs are expected to rise.
5. Executives see much room for improvement in international coordination of regulatory reform.

Download Protiviti's Financial Services Regulatory Reform Survey (PDF)
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