June 10th, 2009
The City regulator will put less emphasis on maintaining London’s competitiveness in relation to other financial centres, its head said on Tuesday, in a striking acknowledgement that the approach had undermined the stability of the financial system.
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June 10th, 2009
This just in, from the
Financial Times:
"The City regulator will put less emphasis on maintaining London’s competitiveness in relation to other financial centres, its head said on Tuesday, in a striking acknowledgement that the approach had undermined the stability of the financial system.
Lord Turner, chairman of the Financial Services Authority, said that prudential regulation of institutions and the financial system had suffered as regulators in many countries had in the past put too much focus on the attractiveness to the financial industry of their home markets."
That is quite a confession. The regulator of the...
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June 5th, 2009
HM Revenue and Customs (HMRC) has announced initial details of the new offshore bank account disclosure scheme, which is due to commence in the autumn of 2009.
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June 2nd, 2009
The government is being urged by MPs to crack down on offshore tax havens and corruption to ensure poor countries gain the maximum benefit from their own resources.
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