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Special Report on

UK financial regulation reform proposals

uk financial regulation reform proposals special research report Photo by
The world has entered a global recession that is causing widespread business contraction, increases in unemployment, and shrinking government revenues. Some of the largest and most venerable banks, investment houses, and insurance companies have either declared bankruptcy or have had to be rescued financially. Nearly all industrialized countries and many emerging and developing nations have announced economic stimulus and/or financial sector rescue packages, such as the American Recovery and Reinvestment Act of 2009 (P.L. 111-5). Several countries have resorted to borrowing from the International Monetary Fund as a last resort. ...
now refers to a much larger conurbation roughly corresponding to Greater London, a local government area which includes 32 London boroughs as well as the City of London, which is not one of the 32 London boroughs. The local authority for the City, the City of London Corporation , is unique in the United Kingdom, and has some unusual responsibilities for a local authority in Britain, such as being the police authority for the City. It also has responsibilities and ownerships beyond the City's boundaries. The Corporation is headed by the Lord Mayor of the City of London , an office separate from (and much older than) the ...
The Harvard Law School Forum on Corporate Governance and Financial ...
Posted by Scott Hirst, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Thursday June 3, 2010 at 9:39 am Editor’s Note: This post comes to us from Barnabas Reynolds , a partner at Shearman & Sterling LLP and head of that firm’s global Financial Institutions Advisory & Financial Regulatory Group, and is based on a Shearman & Sterling client publication by Bradley K. Sabel and Gregg L. Rozansky . As part of the response to the recent financial crisis, lawmakers and bank supervisors have put forth proposals that would require some financial institutions to prepare, review, outline and report on ... market research, surveys and trends
Coalition Agreement in Full | Legal 4 Landlords Blog
We’ve had a lot of enquiries from landlords concerning the CGT rise that was proposed in the coalition agreement.  Below is the document as set out by the coalition government. The Agreement This document sets out agreements reached between the Conservatives and Liberal Democrats on a range of issues. These are the issues that needed to be resolved between us in order for us to work together as a strong and stable government. It will be followed in due course by a final coalition agreement, covering the full range of policy and including foreign, defence and domestic policy issues not covered in this document. The parties ... market research, surveys and trends


Factbox: Major financial regulation reform proposals | Reuters
(Reuters) - The Senate is moving closer to a vote on financial regulation reform legislation proposed by Democrats and backed by President Barack Obama. The Senate bill would tighten the regulatory screws on banks and capital markets after the 2008-2009 financial crisis. Approval was considered likely, but not absolutely certain. Republicans are still trying to water down the bill, which won Senate committee approval last month. The House of Representatives approved a bill in December. It would have to be merged with whatever the Senate produces before a final measure could go to Obama to be signed into law. Analysts say that ... industry trends, business articles and survey research
OE press release - Open Europe - independent think tank calling ...
Open Europe has today published the most comprehensive study to date on the cost of regulation to the UK economy. Based on over 2,300 of the Government's own impact assessments, Open Europe finds that regulation has cost the UK economy £176 billion since 1998 - roughly equivalent to the country's entire budget deficit. Of this amount, £124 billion, or 71%, had its origin in EU legislation. While the UK Government and the EU have taken positive steps to make the laws they pass less burdensome, the cost of regulation to the private and public sector keeps on going up every year. Since the UK Government launched its ... industry trends, business articles and survey research
Home G20 Scraps Global Bank Tax Plan
Rich countries over the weekend scrapped plans for a universal global bank tax. The levy would give countries plenty of wiggle room to make banks pay for their bailouts in future. Finance Ministers from the Group of 20 countries ended a two-day meeting that reviewed progress on a string of initiatives adopted last year to make the financial system safe and protect taxpayers from paying for banks� rescue. Attempts to introduce a global bank levy were finally ditched after opposition from Japan, Canada and Brazil, whose banks needed no public aid during the worst financial crisis since the 1930s. �There is no agreement to proceed ... market trends, news research and surveys resources
EU hails Franco-German call for speculator clampdown
(Reuters) - The European Commission welcomed German and French calls for speedy measures to clamp down on speculators in government debt on Wednesday, though the likelihood of a bloc-wide ban still appears remote. In a display of solidarity that may ease concerns over recent policy splits between the euro zone's top two economies, Berlin and Paris urged the Commission to consider an EU-wide ban on short selling of shares and sovereign bonds. EU Internal Market Commissioner Michel Barnier has already said he will propose measures to curb short selling, such as greater transparency requirements, while national regulators have ... market trends, news research and surveys resources


a white paper on financial regulation - Layout 1
The proposals presented in this White Paper represent the real change .... how we need to reform our system of financial regulation. ...... recognition of the UK financial system's exposure to wholesale funding markets at a macro level ... technology research, surveys study and trend statistics
R-Me., Thursday explored the financial regulatory reform efforts conducted by the United Kingdom, Australia, and Canada, as President Obama prepared to release his own proposal for reform. The hearing , entitled “Where Were the Watchdogs? Financial Regulatory Lessons from Abroad,” was the third in a series examining the structure of our financial regulatory system, how that flawed structure contributed to the system’s failure to anticipate the current economic crisis, and what kind of reforms are needed to strengthen financial oversight in the future. “As the President prepares his own proposal for ... technology research, surveys study and trend statistics
3 FINANCIAL REGULATORY REFORM PROPOSAL, supra note 1, at 12. ...... treatment of hedge fund regulation in US, UK and Germany. 182 FINANCIAL SERVICES ...
The GOP voted unanimously to NOT participate in the deliberations ...
nor will they submit their own alternative proposals. I can only assume the GOP will point to the committee's results as another attempt by the Dems to keep the GOP from participating in the creation of a new bill. What do you make of the GOP's refusal to participate? Before we go too far with this, my understanding is that the committee solicited discussion from the GOP members but they refused to offer any ideas and simply voted against any of the proposals that were offered. That's not both sides refusing to come to the middle; that's one side refusing to come to the middle. Thank you Jeffrey. A ...
Google Answers: Lottery in the UK
I am doing a feasability study for a new lottery company in the UK. Enclosed is a list of 90 questions for which I need answers. ALL QUESTIONS ARE UK SPECIFIC. A. LOTTERY 1. General i. Is the lottery state owned ii. Is the lottery operated by the state or a private company iii. How long does the contract run for iv. What percentage of the takings are committed to charities and welfare organizations v. How are agents appointed vi. Can the agency be transferred vii. How is the agency connected to the lottery system viii. What are the agents commission rate for sales of lottery ix. What commission is paid to the ...