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April 26, 2005 at 08:00 PM
Many senior financial services executives are about as worried about the effects of regulations and compliance costs as they are about the economy.[@@]
Researchers in the New York offices of PricewaterhouseCoopers L.P. and the Economist Intelligence Unit Ltd. have published data supporting that conclusion in a report on an informal survey of 201 executives.
Although 40% of the executives said their companies hope to increase revenue about 10% to 20% this year, 33% of the executives said they suspect that their companies’ growth goals may be too optimistic.
When the researchers asked the executives about the principle challenges facing their companies in the coming year, 71% named the competition, but 60% listed general economic conditions as a principle challenge, and 58% listed compliance and regulatory requirements.
