Examination of Witnesses

Part of Financial Services and Markets Bill – in a Public Bill Committee at 10:55 am on 19 October 2022.

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Photo of Craig Tracey Craig Tracey Conservative, North Warwickshire 10:55, 19 October 2022

Q I have a final question. How much of a barrier to investment is the current regulatory framework? We have heard about the time that it takes to get regulated, and the insurance and financial services all-party parliamentary group has had reports on the cost—that it is up to 14 times more expensive to be regulated in the UK. How much of a barrier do your members see that as? Will the Bill help to address it?