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Concern about bank clampdown

Andrew Sentance, a member of the Monetary Policy Committee, has warned that heavy-handed bank regulation could lead to negative consequences.

In a speech to attendees at a monetary policy conference in London, Sentance says: “There is a danger of unintended consequences from heavy-handed regulatory interventions in the banking sector.

“That’s why we need to take the time to decide what a new regime for regulating the sector should look like. This is a key economic policy issue in light of the current crisis.”

Regulation has taken centre stage in the past few months as bank executives have come under fire for poor risk management and have faced accusations of irresponsible lending.


Nightmares before Xmas

There’s no doubt about it, 2008 has been the mortgage industry’s annus horribilis. No amount of Christmas lights or tinsel can disguise the fact that the past 12 months have been the cruellest the sector has seen for decades. Businesses that seemed bullet- proof have been shot down, industry stalwarts deemed untouchable found themselves unemployed and the broker sector, only two years ago seen as the foundation of the industry, has been shaken to the core.

GABRIEL back on track claims FSA

The Association of Mortgage Intermediaries says the Financial Services Authority has assured it that access to its GABRIEL system has improved.

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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