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I'm not sure complicated reporting is how banks are maintaining margins. They're diverting billions into complying with these requirements, for very little gain

I'm not sure complicated reporting is how banks are maintaining margins. They're diverting billions into complying with these requirements, for very little gain.

sseveran 10y ago
And anyone entering their business would have to as well. The large banks are happy to have these regulations in some ways as it makes it hard for midsized banks to grow and compete with them.
- eru 10y ago
  Yes. Or for scrappy upstarts to compete from their garage.