This statistic presents the key impacts of changes to regulations on financial businesses in the United Kingdom, according to a survey conducted in 2014. The majority of respondents agreed that changes in regulation will result in increased cost of compliance (77 percent) and in complexity of requirements (70 percent).
How will changes to regulations impact upon your business?
*The source adds following information: "119 individuals from a range of businesses in the financial services sector, including investment management, broking, banking, insurance and corporate finance firms participated in our 16th annual survey."
For this question respondents could choose as many categories of answer as applicable.
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Smith & Williamson. (August 28, 2014). How will changes to regulations impact upon your business? [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/327050/uk-financial-survey-regulation-impact-business/
Smith & Williamson. "How will changes to regulations impact upon your business?." Chart. August 28, 2014. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/327050/uk-financial-survey-regulation-impact-business/
Smith & Williamson. (2014). How will changes to regulations impact upon your business?. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/327050/uk-financial-survey-regulation-impact-business/
Smith & Williamson. "How Will Changes to Regulations Impact upon Your Business?." Statista, Statista Inc., 28 Aug 2014, https://www.statista.com/statistics/327050/uk-financial-survey-regulation-impact-business/
Smith & Williamson, How will changes to regulations impact upon your business? Statista, https://www.statista.com/statistics/327050/uk-financial-survey-regulation-impact-business/ (last visited November 22, 2024)
How will changes to regulations impact upon your business? [Graph], Smith & Williamson, August 28, 2014. [Online]. Available: https://www.statista.com/statistics/327050/uk-financial-survey-regulation-impact-business/
