HC Deb 22 July 2004 vol 424 c479W
Mr. Stephen O'Brien

To ask the Chancellor of the Exchequer what estimate he has made of the(a) proportion and (b) cost of new financial sector regulation that derives from the EU. [186175]

Ruth Kelly

As stated by the Chancellor of the Exchequer in his Mansion House speech of 16 June 2004, three-quarters of financial services regulation is derived from the European Union. There is no estimate available of the total cost in the UK of financial sector regulation derived from the EU.