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Regulatory compliance a top barrier to growth in banking industry, survey finds
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Banking
Monday, August 18, 2014
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According to a report summarizing its 2014 banking industry outlook survey, “Banking on the Customer,” global audit firm KPMG said complying with Dodd-Frank’s rulemakings continues to hamper banking industry growth due to high compliance costs and associated restrictions on products and services. Read on to find out what 100 banking executives at the nation’s top firms had to say about how much regulation is costing them.
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