Clause 5 - The new Regulators

Part of Financial Services Bill – in a Public Bill Committee at 12:00 pm on 6 March 2012.

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Photo of Matthew Hancock Matthew Hancock Conservative, West Suffolk 12:00, 6 March 2012

Of course, administrative costs are an important factor and should be minimised, but good regulation is vital. Will my hon. Friend the Minister ensure that, if he puts any figures into the public domain, he puts them not only in pounds sterling, but as a percentage of the cost to the economy of the crisis that was brought on in part by the previous regulatory system?