You are here: Home - News -

Compliance costs may result in firm closures

  • 04/11/2002
  • 0
Future compliance costs could result in company closures under the FSA regime, according to research...

Future compliance costs could result in company closures under the FSA regime, according to research from compliance outsourcing specialist, Huntswood.

The survey questioned compliance professionals on the effects of regulation on the industry and found four out of five thought the costs would prove too high for some firms. 38% thought the Sandler report would have the most impact and 28% thought N3 would be the most damaging financially.

David Brownlow, chief executive at Huntswood, said: ‘There is growing concern that the ever-increasing costs of compliance will lead to the restructuring of the financial services industry.’


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
Doors wide open

Self cert is here to stay, and more lenders are now prepared to treatthem as they would other niche sectors