Jeff Yastine knows that a lot of changes take place when the government makes up its mind to target specific kinds of businesses for regulation. It can cost larger companies and firms quite a bit of money as they have to bring aboard compliance officers and put together full departments dedicated to making sure that they are in compliance with the regulations. While impact regulations can effect society in, both, negative and positive ways, they almost always cause a business to have to spend more money. This usually has the effect of lowering a company’s stock price, and sometimes the stock of the company can come down before the regulating has even begun. Financial institutions around the world spend over $65 billion every year to ensure they keep up with regulations and laws, and it is expected that by 2020 this number will hit $118 billion. Read this article at stockgumshoe.com about Jeff Yastine.
Jeff Yastine has expressed that one effective solution to this problem is to apply regulatory technology. This “Regtech,” as it is being called, can lower costs with cutting edge software that uses artificial intelligence and blockchain tech. Jeff Yastine believes Regtech companies could be a smart investment, and at this time there are only 100 or so small Regtech companies. While most of these companies are not selling stock, as of yet, a small amount of them are holding introductory public offerings. Something of interest, to note, is that a regtech firm could possibly bring down a big financial institutions compliance costs from $11 million to only $300,000. The government is starting to consider letting regtech companies in on the process of regulation, and this means that you might be able to expect to see the rise of these types of companies soon.
Jeff Yastine has over 20 years of experience as a financial journalist and stock market investor, and in 2015, he came aboard with Banyan Hill Publishing as its editorial director. Yastine contributes weekly to Banyan Hill’s Sovereign Investor Daily as well as the Winning Investor Daily and is also the editor of the Total Wealth Insider. Before joining up with Banyan Hill, he was nominated for an Emmy as the correspondent at PBS Nightly Business Report. While working with PBS, he had the chance to interview and learn from some of the top minds in the financial world including, Michael Dell, Sir Richard Branson, and Warren Buffet. One of his most memorable contributions was when he warned investors about the mid-2000 real estate crisis. Visit:https://www.bloomberg.com/research/stocks/private/person.asp?personId=332074010&privcapId=109183793&previousCapId=109183793&previousTitle=The%2520Sovereign%2520Society