Regulation — it’s a metaphorical referee on the financial industry’s playing field, standing ready and willing to ensure that everyone in the industry adheres to the rules. When implemented well, regulatory forces protect consumers and create an even course for banks of all sizes and clienteles. However, not all regulation exists within a best-case scenario. Like a referee whose whistled interruptions take longer than the game itself, too much oversight can make it difficult for banking “players” to go about their work and, by extension, become a frustrating source of poor service for consumers. The Over-Regulation Burden: A Swiss Case…...
When Caution Becomes a Cage: A Case Study of Over-Regulation in Swiss Banks
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