Firms fear rise in regulatory costs after FSA split

Its research found half of senior financial services compliance professionals expect their company's costs to rise under the new regime, the Scotsman reports. Two thirds of respondents also do not believe the new system will effectively prevent a repeat of the ­financial crisis and some warned it could make the UK less attractive as a place to do business, according to the paper. Only 17% of respondents think their firm is completely prepared for the new structure, while 63% are partially prepared and 13% are just starting their preparations. Bernadine Reese, managing director of P...