Cost of compliance: 5% of revenue
According to new figures, a fifth (23.5%) of senior decision-makers of financial services firms expect to spend between 1%-5% of 2021 revenue on regulatory compliance.
Duff & Phelps’ latest survey Global Regulatory Outlook 2021 found that 12.2% believe it’ll cost between 6%-10%, while 10.6% of respondents expect to spend between 11%-20% of total 2021 revenues.
A minority (3.7%) of those surveyed expect to spend between 20%-25% of their total revenues, while 5.8%
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