Treasury Select Committee chairman Andrew Tyrie has called on individual firms to send him details of how much regulation costs them each year, which the committee will use to challenge further rule-making.
The TSC is conducting an inquiry into the scope and objectives of the Financial Conduct Authority, which will take over regulation of firms from the Financial Services Authority as part of the coalition government's legislative overhaul of the sector. Speaking at an Association of Private Client Investment Managers and Stockbrokers (APCIMS) conference in London today, Tyrie said politicians and the industry need to create a "counter-balance" to the urge of regulators to create new regulation. He said one way to do this is for individual firms to document exactly how much regulation co...
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