KPMG’s Banking and Diversified Financial Advisory Industry Leader, Judd Caplain describes the current environment regarding the regulatory demands on banks as only being “in the third inning.’’ Banks will need to be much more vigilant in the coming months as the scope and depth of regulatory will continue to be significant. While regulation to limit poor behaviors was needed due to events that caused the financial crisis of 2008, Caplain also suggests that several unintended consequences of all of the regulation is affecting consumers and banks alike, including a significant loss of revenue for banks, and an increase in certain fees for consumers – such as those for checking accounts.
Regulation and Unintended Consequences
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