According to the BBA, policy makers need to be acutely aware of the dangers of further increasing the cost of banking at a time when businesses should be building for recovery. Angela Knight, the BBA chief executive, stated: "The UK is leading an international regulatory reform programme which has been largely uncosted. Its economic impact has not been assessed." She notes there is "growing concern that regulatory reform is outpacing the other priorities, with real effect on economic recovery". (Source: BBA Press Release.)