60 new regulations added each day, says new study
Global regulators added 14,215 new regulatory announcements in 2011, according to a new study from Thomson Reuters Governance, Risk & Compliance.
That’s about 60 new regulatory announcements every working day, and up 16% from 2011.
The study says the problem will only grow worse in 2012. Major portions of the Dodd-Frank Act take effect later this year. And while the SEC and FSA get most of the attention, the major regulators in the U.S., U.K., Australia and Hong Kong combined accounted for just 20 percent of overall activity last year.
A copy of the report can be downloaded here.