Red tape slows finance growth
Finance firms are as worried by the new wave of regulation as they are about intense market volatility, according to a new study published today by technology firm SunGard. It found 45 per cent of firms are worried about volatility, almost the same number as the 43 per cent concerned about red tape. This is knocking growth and business development, SunGard said, with half of respondents saying their chief executives are highly stressed by regulations.