Sweeping regulatory changes will lead U.S. and European brokers to spend more than $200 million in 2011 on new market surveillance programs, according to a new report.
The TABB Group LLC, New York, published this finding in a summary of results from new research. The 26-page report describes how changing regulations are creating new responsibilities for brokers who must reexamine the business case behind their surveillance solutions.
The study estimates that U.S. and Europe will spend $206 million this year on new market surveillance programs.
With hundreds of laws yet to be written and rules to be implemented, the report adds, spending will grow at a CAGR (compound annual growth rate) of 14% to $268 million in 2013.