UK

Managing the cost of compliance

David Taylor, PricewaterhouseCoopers, London

Like it or not, and for the foreseeable future at least, the financial services industry will continue to be driven and shaped by regulation from Westminster, Docklands and increasingly Brussels. For any firm that seeks to attain and steer a commercially viable and sustainable path to profitability and earnings growth, it almost goes without saying that compliance and regulation – good and bad – will be essential.