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Regulation helps financial services grow: Deloitte

Published Mon, May 25, 2015 · 09:50 PM

Singapore

REGULATION in financial services has helped the industry to grow, contrary to the oft-heard complaints from bankers on the increased cost from more compliance burdens.

Not only do global financial services executives believe regulation has enabled business growth; they are expecting more to come, according to the results of a Deloitte Touche Tohmatsu survey. Some 57 of these executives said regulation has helped their business grow and half expect much more regulation in the near future, with 69 percent feeling prepared for it, Deloitte said on Monday.

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