'Regulitis' danger ahead says BSA chairman

His call at the annual BSA conference focused particularly on plans for the Child Trust Fund, which many building societies fear they may not be able to offer customers, and pending mortgage regulation, which may alter the “nature of the market” and end up costing consumers more. ”We are in the middle of a regulation experiment and we must guard against unplanned consumer detriment,” Goodfellow says. Current proposals that CTFs be offered on a stakeholder basis means building societies run smack into other current and proposed regulations meaning more than 50 building societies would ...