There Ought to Be a (Expletive) Law! Posted by AVCU on 4:45 PM

Pat Bator, a writer for the Raddon Report, posted an article today entitled “There Ought To Be a (Expletive) Law!” in which he contends and addresses reasons why 12 to 13 percent of all financial institutions’ annual growth in non-interest expense is attributable to never-ending increases in regulatory compliance. He notes that fully 60% of compliance expense in most institutions goes to staff, 19% to outside services and 18% to IT systems. All of these observations are made in the lurking shadow of “the gathering storm of re-regulation” currently under way in Washington. See the entire article here.