A new "tougher, bolder" approach to regulation unveiled by the Financial Services Authority will lead to higher costs, according to head of enforcement Margaret Cole.

Unveiling the new approach to financial regulation to be pursued by the Financial Conduct Authority, the successor to the FSA, Ms Cole admitted costs could rise.

"If there is more work to be done in this area that could require more resources but we have not mapped the full resource scope," she said. "We need people to understand what sort of regulator we are looking for and what sort of costs that requires."

Under the new approach the regulator has promised to be tougher and bolder in cracking down on firms considered to be stepping out of line. Most controversially the regulator is looking for powers to publish the names of companies it is investigating. The regulator would reveal brief details of investigations when warning notices are sent to...Read more on this story: FSA successor to take 'tougher, bolder' approach to regulation - Telegraph