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UK financial regulators criticized by lawmakers over risk-averse, complex, expensive rules

By Sofia Gerace and Phoebe Seers ( June 13, 2025, 07:00 GMT | Insight) -- UK financial regulators have come under criticism from a group of lawmakers in Britain's upper chamber, the House of Lords, who concluded after an inquiry that the financial regulatory system is too risk-averse, complex, expensive and unpredictable. "The evidence is one of a disproportionately high cost of compliance, complex regulatory landscape, overlap between regulators and sheer volume and scope of regulatory activity. We think that places the UK at a competitive disadvantage," the chair of the committee Michael Forsyth said in an interview with MLex.UK financial regulators have been criticized by a committee in Britain's upper chamber, the House of Lords, which concluded after an inquiry that the financial regulatory system is too risk-averse, complex, expensive and unpredictable....

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