UK Treasury regulatory reform paper hints at potential industry costs
More details emerge on how the new regulatory regime in the UK will be structured
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
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