UK Treasury regulatory reform paper hints at potential industry costs

bank-of-england

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 plans t

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