News & Regulatory Updates

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23/05/2019
James Hinch

Culture and Ethics

Culture and ethics; get these drivers correct within your business and the rest will naturally follow. Phrases like culture or ethics and `tone from the top`, are used in firms at all levels, and they are always discussed as a core principal of the firm, then you read or hear about a scandal or breach

22/05/2019
Nicholas Murphy

Barroso asserts financial services priorities amid Brexit uncertainty

Jose Manuel Barroso, chairman of Goldman Sachs and former president of the European Commission, has urged Britain’s Brexit negotiators to prioritise the UK’s financial services sector. Speaking at the City Week conference in London, he said: “I think the most important issue for Britain is services, and in services certainly the jewel of the crown

22/05/2019
Nicholas Murphy

CPS: Time for fairer tax system for SMEs

Robert Colvile, director of the Centre for Policy Studies, criticises Britain’s “one-size-fits-all” approach to business tax, regulation and administration, which, he argues, is stifling SMEs. The CPS proposes in a new report a sweeping act of tax and administration simplification, whereby companies with a turnover under £1m would be able to choose between paying all

21/05/2019
Nicholas Murphy

Mortgage prisoners call for public inquiry

Campaigners are calling on the government to launch a public inquiry into the sale of mortgages to non-regulated lenders. So-called ‘mortgage prisoners’ want ministers to expand the FCA’s remit to cover unregulated purchasers of mortgages. Mortgage prisoners are trapped into paying higher rates of interest to their borrower because they cannot meet affordability tests, brought

21/05/2019
Nicholas Murphy

City minister rules out Brexit dividend from looser regulation

City minister John Glen has claimed adopting a looser regulatory environment after Brexit will not deliver an “enormous economic dividend” and that the majority of Square Mile firms want instead a “reliable ecosystem” with clarity over the future relationship with the EU. Speaking at the Guildhall, underlining four key areas of activity for the financial

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