Regulation commentaries
2011
The Treasury Select Committee, under its admirable Chairman Andrew Tyrie MP, has served notice that it is tired of hearing City people moan about regulation, its costs and its injustices. Mr Tyrie has asked for hard facts, making the very reasonable point that unless he is given evidence with which to confront the Government, he can hardly be expected to do anything about it.
(1 November 2011)
September is a strange month in the legislative calendar. Parliament returns for ten days after the summer break, and then promptly shuts for a month while the political parties head off to their conferences.
(5 September 2011)
Does banning short selling work?
Yesterday a number of continental European regulators imposed a ban on short selling certain financial stocks.
(12 August 2011)
One of the less appreciated facts about the investment management industry is that most of the rules and regulations by which it operates are not made in London but instead by European-level bodies in Brussels and Paris.
(17 March 2011)
2010
In September 2006 I sat in the annual JP Morgan conference at Gleneagles listening to the then FSA Chairman making the speech which launched the retail distribution review.
(30 November 2010)
The appalling investment fund managers directive
Well that appears to be that. After eighteen months of wrangling and hand wringing, and more than thirty drafts, each seemingly more opaque and convoluted than the last, the Alternative Investment Fund Managers Directive is now finally limping over the finishing line.
(1 November 2010)
Last week I was among a number of people asked to appear before the House of Commons Treasury Select Committee to talk about the Government’s plans for reorganising financial services regulation.
(19 October 2010)