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The regulatory climate is also benign.
Banks have cited an uncertain regulatory climate.
The regulatory climate has also changed.
Elsewhere, the regulatory climate remains difficult.
The biggest hurdle, Ansell said, was the regulatory climate.
The regulatory climate in developing countries is becoming more hostile.
But the new president will probably find the regulatory climate more friendly, Mr. Berman said.
"You've got a much simpler regulatory climate and much fewer hoops to jump through".
The last two, he said, are aided by a favorable regulatory climate and growing businesses in Latin America.
The market is aware of an improving regulatory climate, but analyst estimates do not factor in the cumulative benefit of reducing regulatory headwinds (£300m by 2017).
Crucially, the regulatory climate is also changing.
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