Editorial: The cost of dissonance

Author: | Published: 27 Apr 2018

Differences in financial regulation cost businesses globally an estimated $780 billion a year, which equates to a figure roughly between the GPD of the Netherlands and Switzerland.

The survey, released on April 11 by the International Federation of Accountants and the OECD, highlights material economic costs, financial system risk, and barriers to economic growth as some of the most tangible results of this divergence. Capital markets participants are believed to feel the effects the most with smaller financial institutions (those with revenue of less than $100 million a year) most affected.

The report...