Thomson Reuters: A Blizzard of Regulatory Changes
… Regulators around the world announced 14,215 changes in 2011, a 16 percent increase from the 12,179 announcements in 2010. The volume of announcements, which can include anything from a speech signaling the direction of a new regulation to a final binding rule, has grown continuously since 2008 when regulators issued 8,704 changes. …
… The report shows that the majority of regulatory activity, 57 percent, came from the U.S., while the U.K. and Europe made up 22 percent and Asia accounted for 15 percent. Separately, while the Financial Services Authority (FSA) and Securities and Exchange Commission (SEC) were the most active regulators in 2011, the major regulators in the U.S., U.K., Australia and Hong Kong accounted for just 20 percent of overall activity last year. According to McCleskey, companies focusing solely on the major regulators run the risk of missing important changes from other sources. …
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