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
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.