FSA costs top £1bn a year


Hargreaves Lansdown reviewed FSA consultation papers published between October 2010 and October 2011.

It found that the total for ongoing costs ranged from £1.12bn to as much as £1.43bn. The company added that one-off implementation costs were at least £253m and could be as high as £323m.

The investment services provider based these figures on the FSA’s own regulatory cost benefit analyses.

In a statement, Hargreaves Lansdown said these costs will have to be met every year from now on, and

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