Regulatory Overlaps and their Impact
Nominal impact—some cost savings for intermediaries from compliance to multiple regulations with single procedures.
Significant impact—difficulties for investor/intermediary relationships, added cost, risk and liability for intermediaries, financial loss and/or loss of confidentiality in transactions for investors.
Major impact—exiting business sector or geographical sector for intermediaries with consequent loss to reputation, fiscal growth, and increase in competitive threat; scandal at senior levels in investor community, loss of reputation, and ultimate failure of investors.
KeywordsEurope Income Assure Expense Resi
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