Source · Select Committees · Financial Services Regulation Committee
Recommendation 6
6
Paragraph: 61
The regulators, particularly the FCA, do not have a clear understanding of the cumulative burden...
Conclusion
The regulators, particularly the FCA, do not have a clear understanding of the cumulative burden of regulation due to limitations in their approach to cost benefit analysis. This prevents them from recognising and addressing the negative impact that their activities have on the growth and international competitiveness of the sector. The design of regulation must be informed by proportionality, impact assessments, and CBA.
Paragraph Reference:
61
Government Response
A response document is linked to this report, dated 3 September 2025. Response attribution to this conclusion has not been verified. Read the response document ↗