UK Treasury regulatory reform paper hints at potential industry costs


Firms supervised by the UK's two new regulators will bear the brunt of the costs of reorganising micro-prudential supervision, admits the country's coalition government. A UK Treasury consultation paper on plans for regulatory overhaul warns of the costs for firms that will be regulated by the two new regulators. The paper, A new approach to financial regulation: judgement focus and stability, announced in a July 26 speech by financial secretary to the Treasury Mark Hoban, expands on the plan