New Regs May Rock Financial Services Sector

Many feel that compliance and capital requirements could force some companies away from manufacturing products and toward serving solely as distribution networks for other players, he says.

Meanwhile, smaller players are facing pressure to consolidate to share costs, Vooght says.

"Costs of compliance will hit the smaller players more," Vooght says. "What capital is required will depend on their business mix."

What the requirements likely will not do is stop or sharply reduce the sale of some products and services, Vooght says, "because one man's [meat] is another man's poison."

"You will see [companies] moving into their core competencies and disposing of niche businesses that are not necessarily a core skill," Vooght says.

But, there are equal numbers of companies whose core businesses are the niche markets of others, so when one company abandons the sale of a product, another will emphasize it, Vooght says.