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Tighter regulation in the City means more charges for customers

As the new Chairman of the FSA, Adair Turner, gets to grips with his first few days in office and the problems in front of him it seems as though costs will increase as the regulatory framework continues to grow. However, while the regulatory framework is aimed at insuring that those in the sector trade with care and to protect customers, as ever it is the customer that is set to see a large increase in charges.

Is it not quite perverse that the more the government try to protect investors from dubious practices and excessive risk taking by other third parties, the more this costs the very people it is their to protect?

If recent feedback is anything to go by then Mr Turner will have a real battle on his hands pushing through all of the changes he has suggested in the press, or is this yet more spin to catch the eye of the UK voter?

We are seeing further attacks on the City at a time when investment confidence has never been lower, but these 'light' regulations which are being criticised are the ones which our very own Gordon Brown brought in when he was at the Treasury.

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