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FSA addresses cost benefits

The FSA is publishing a paper on the cost-benefit issues which are facing financial regulation.

The paper brings together ideas on the best way for the regulator to develop its approach to its new responsibilities regarding cost-benefit analysis.

It addresses how cost-benefit analysis might be used in the development of financial regulation.

It includes revised and updated versions of the presentations that speakers gave at a seminar held at the FSA&#39s London headquarters in September, plus a commentary on the issues raised.

The FSA says the commentary broadly reflects the seminar discussions, which in turn have contributed to the regulator&#39s current approach to cost-benefit analysis.

The paper is the 12th in its occasional series which aims to stimulate debate in the financial services industry.

Included in the publication are details of presentations by Standard Life economic adviser David Simpson and Warwick University Business School senior lecturer Paul Klumpes.

The presentations covered a number of topical issues, including the relationship between competition and regulation in retail financial services, the effectiveness of accounting and how interest group pressures might influence developments in the UK pension industry.

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