A wave of bankers, investment managers, and hedge fund bosses have been urging officials for years to revisit the trade-off between the cost of rulemaking and the benefit of safeguarding the financial system, with the rising workload for financial institutions theoretically looking like a net 51 million hours of extra annual paperwork from rules introduced since the Great Financial Crisis. Tom Metcalf has more in today’s “Big Take” on Bloomberg Television. (Source: Bloomberg)
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Rules That Wall Street Hates Add Hours of Paperwork
