Global and regional regulatory headwinds are taking their toll on private banks’ profitability leading to de-marketing and industry consolidation, according to the latest World Wealth Report released today by RBC Wealth Management and Capgemini. The report cites the volume and pace of regulatory change as the “single largest challenge” facing the industry, with Mark Wales, vice president, major accounts director…
Regulatory costs to reshape wealth management landscape says RBC, Capgemini report
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