UK - The cost of implementing upcoming regulations and reforms could prove overly burdensome, warned UK regulator the FSA in its Financial Risk Outlook 2004, its annual document outlining perceived upcoming risks.
In order to implement the EU Financial Services Action Plan and International Accounting Standards, firms will have to make substantial systems changes. “This may increase cost pressures on firm...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date