APCIMS calls for cost-effective regulation

Regulation for regulation's sake is the charge being laid by the Association of Private Client Investment Managers and Stockbrokers today at its annual general meeting. Chief executive Angela Knight says that regulators currently seem intent on imposing new regulations on financial services firms without thinking through the cost burden for the firms involved or whether the regulations will actually achieve their intended objective. The increasing regulatory costs are also coming at a time when income at many of APCIMS' members is down due to the current investment climate. ...