FSA ponders costs study

In the first survey of its kind, the regulator pins down the cost burden of its rules

The UK financial services sector could see more rules removed or modified following the outcome of a joint study by the Financial Services Authority and the Financial Services Practitioner Panel on the costs of regulation. The FSA said it would use the research, conducted by Deloitte, to assess whether rules in particular problem areas highlighted by the study, such as point-of-sale disclosure by retail firms and training, could be relaxed.