TITLE

Govt will have power to force FCA to increase industry fees

PUB. DATE
October 2012
SOURCE
Money Marketing;10/18/2012, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that proposals in the draft banking reform bill will give the British government the power to force the Financial Conduct Authority (FCA) to increase fees for the financial services industry. The fees will cover government cost of international regulation. Under the bill, the Treasury can direct the FCA, the Prudential Regulation Authority and Bank of England to charge fees to regulated firms to cover public costs.
ACCESSION #
83141113

 

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