Kevin Okell: Drowning in rules

300 million pages of regulation by 2020

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Kevin Okell: "The real problem is not so much the cost of complying with specific regulations but that of keeping tabs on all the rules a business might have to comply with."
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Kevin Okell: "The real problem is not so much the cost of complying with specific regulations but that of keeping tabs on all the rules a business might have to comply with."

Without a sea change in the attitude of governments as to how actively they intervene in business activity, warns Kevin Okell, there is a real danger innovation in financial services will drown in a sea of red tape

According to Thomson Reuters, the group's regulatory intelligence service captured 52,506 regulatory alerts from more than 750 regulatory bodies across the globe in 2016. That is more than 200 updates...

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