UK firms heading for regulatory brick wall says DLA

Many UK companies are walking blindly towards a regulatory burden that could end up crushing their businesses, according to a new report released jointly by law firm DLA and the London School of Economics today. Regulators in the US, Europe and even the UK are getting more powers to control business processes and are able to impose stricter penalties for transgressions - yet most directors of UK mid-cap firms remain oblivious of their responsibilities, DLA's report says. The regulators are being pushed by events such as the collapse of former US energy company Enron and the su...