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We anticipate a further shifting of regulatory costs to providers.
The move comes amid mounting regulatory costs, the company said.
Holding down regulatory costs is one way markets compete.
"Legal and regulatory costs were killing this industry," said Mr. Whitman, the Formation executive.
It's rather paradoxical that the E.P.A. chooses to embrace embedded regulatory costs while releasing embedded pollution.
Our health-care costs, energy costs, regulatory costs, and litigation costs are all very high.
As a practical matter, regulatory costs and benefits are assessed by taking each rule in isolation.
The initiative has eliminated $570 million a year in regulatory costs, Rao said.
Goldman said it has set aside $37m to cover legal and regulatory costs for the period.
"There will be a lot of regulatory costs," Mr. Hurley said.
Lower regulatory costs and fewer fines also helped HSBC to better profits.
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CEO of Professional Science Editing for Scientists @ prosciediting.com