Advanced Search

v2.0

Cost of compliance: 5% of revenue

by Krystal Scanlon 18 February 2021

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%

Categories: NewsOutsourcingLegal & compliance advisoryRegs & Compliance

TAGS:

27 March 2024

Whatever happened to ESG-linked loans?

As tools for ESG transformation they seem to have been abandoned but they still have their place

28 March 2024

Treble Peak and Logiver team up

Partnership to facilitate access to PE funds for wealth management firm

27 March 2024

Comment: Parental advisory

Barry Fishley, partner at Weil, Gotshal & Manges provides, an update for PE firms on data privacy enforcement in the UK

27 March 2024

FundGuard closes on $100m in Series C

Fresh funds to support product innovation and continued onboarding of new and existing customers

26 March 2024

GPs express concerns over data management and coordination of third-party portfolio monitoring tools

Latest report from Acuity Knowledge Partners reveals issues with data management and extraction

26 March 2024

Citco launches document management platform

Offering to combine company’s AI with fund reporting expertise to extract structured data from fund documents