Europe: The impossible comparison of UK regulatory costs with the rest of the EU
Confirmation this June that the Financial Conduct Authority will be increasing fees for insurers and brokers by 8.5% for 2015/2016 has inevitably raised many eyebrows. A particular bugbear is that UK regulatory costs are perceived to be much steeper than those on the Continent.
"The cost of financial regulation in the UK is significantly higher compared to other European countries," says a spokesperson for the Association of British Insurers. "It is not straightforward to
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