2009 Compliance Regulation Taxes 
BankUnderground
APRIL 28, 2023
The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress. Additionally, regulators in various jurisdictions have been trying to create simpler (but not weaker) regulatory frameworks for small banks.
Jeff For Banks
FEBRUARY 3, 2017
Since the recovery began in June, 2009, real GDP growth has averaged 2.3%. Third, the explosion in regulations over the past eight years has served to hinder businesses, especially new small business formation, and has drained valuable resources as compliance costs soared. For so long, we have been stuck at 2.0%
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Fintech Labs Insights
JUNE 29, 2016
Client Lifecycle Management solution provider Fenergo is boosting the capabilities of its Tax Compliance suite. The enhanced version of the company’s CRS Compliance Solution is geared toward improving tax regulation compliance through improvements to the Three Rs: Rules, Remediation, and Reporting.
Tomorrow's Transactions
NOVEMBER 5, 2014
According to a KPMG survey, the cost of compliance with anti-money laundering (AML) regulations grew “beyond expectations” for banks last year. The World Bank say that money laundering is between two and five percent of global GDP and in 2009 the World Bank calculated it to be four percent of global GDP.
Jeff For Banks
JULY 8, 2017
I believe that we are in this era of weak growth, now eight years old, for the long haul unless changes are made to regulation and we stop adding debt at break-neck speed. million in December, 2008 and the peak occurred in October, 2009 at 21.4 For years, regulatory and compliance costs have been growing dramatically.
CB Insights
FEBRUARY 13, 2020
These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions.
CB Insights
OCTOBER 26, 2020
This regulation reduced trading profits and created a need to cut costs, spurring investment banks to spin off unprofitable divisions or eliminate them entirely. And across equity research and sales & trading, poor performances and new regulations have led to widespread layoffs as banks have figured out they can do more with less.
Expert insights. Personalized for you.
80 
Let's personalize your content