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LATEST NEWS & EVENTS Banking sector warns of regulatory reform costs  Companies using banking and financial solicitor services could find an increased level of regulation as the government's Independent Commission on Banking is due to report soon. The British Bankers' Association (BBA) is warning that regulatory changes are progressing too fast. It says changes are uncosted and could have a knock-on effect on businesses trying to recover from the recession. BBA chief executive Angela Knight said policy makers, regulators, banks and other businesses are agreed that restoring financial stability, securing economic recovery and regulatory reform are the three priorities for the industry. "But there is growing concern that regulatory reform is outpacing the other priorities, with real effects on economic recovery," she explained. Ms Knight added that there is agreement that the conclusions of the ICB will be "significantly costly and have an impact on lending". She stressed that it is not only the financial sector that is calling for an assessment of the costs involved, noting: "This is not an abstract discussion, and it does not simply affect the banks." Posted by Georgina Price 
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