From this perspective, then, it is not surprising that the Dodd-Frank Act implementation has been a major undertaking, that banks (and sometimes supervisors) feel overwhelmed by the breadth of the resulting compliance effort, and that there is some overlap among some of the regulations.
2  BIS Review 56/2004  Furthermore, the liberalisation of capital movements, the creation of a single European market as well as the privatisation of state enterprises have played and continue to play an important role for investing abroad. Part of the outcome of this has been the creation of new markets and the provision of market access to foreign investors.