The costs of regulatory reform affecting financial institutions following the crisis of the late 2000s will produced only a modest increase in bank lending rates in the United States, Europe and Japan in the long term, according to a study released by the International Monetary Fund this week.
The IMF estimated the rise in regulatory costs – measured as a rise in average bank lending rates – at 28 basis points in the United States, 17 bps in Europe, and eight bps in Japan over the long term.
"By comparison, the smallest increment by which major central banks adjust their...
Financial reform costs exaggerated, says IMF
13 September 2012 7:24am
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