Regulators must prove value for money as costs hit £664m
The twin peaks regulatory system will need to demonstrate it is providing value for money after a National Audit Office report highlighted escalating running costs and concerns over staff capacity.
The combined forecast cost of the Financial Conduct Authority and the Prudential Regulation Authority is £664m in 2013-14, 24% higher than the cost of the Financial Services Authority in 2012-13.
Acco
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