ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Compliance Costs of Financial Regulation

A key benchmark for judging regulatory standards will be the balance struck between the interests of the various stakeholders in the financial industry in question. The most important aspect of regulation is that the regulator creates incentives for firms themselves to maintain standards and seeks continuous improvement in practices, so making it possible for the regulator to step back

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