Supervisory shake-up bumps up costs for banks

By Huw Jones LONDON (Reuters) - British banks could pay up to a quarter more to be supervised as two new watchdogs adopt more intrusive regulation and impose higher fines which will be paid into the coffers of cash-strapped government. The defunct Financial Services Authority (FSA), scrapped in March to correct supervisory failures uncovered by the financial crisis, used to keep fines to subsidise its own operating costs. ...

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