Regulation fears unfounded
Despite concerns over regulation levels increasing drastically as a result of the financial crisis, these fears are actually unfounded, as regulation has only increased by 6% year on year, according to BDO Stoy Hayward's Financial Services Group.
In comparison to the same time last year (January 2009 vs January 2008), the Financial Services Aunthority's (FSA) handbook had only been extended by 497 pages; a minor increase when compared to 2007 when the new MiFID and CRD rules resulted in some 2,000 additional pages being added to the handbook.
Fiona Raistrick, head of regulation, at BDO Stoy Hayward, said: "The last few months have seen a number of companies and organisations calling for prudent increases in regulation, with some even
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