Banking Regulation
We have considered the FSA’s changes to banking regulation during 2008 / 09 within the context of small firms’ exposure. The reform of banking regulation has included measures to: improve the financial stability of the banks, measures to resolve distressed financial institutions, and the future regulation of retail banking conduct of business. This has led to a necessary uplift in general industry practice. We will continue to monitor the impact on corporate governance of the UK banking industry.
We have general concerns about the scale of uplift reading across to other sectors and the impact for the medium and smaller sized firms. We continue to raise these concerns with the FSA. .
If you have ideas or experiences that could contribute constructively to the Panel’s opinions and debates on this topic, please do use the feedback form below.
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