The Treasury estimates that it will cost the finance industry £50m to disband the Financial Services Authority and create a new regulatory system. Mark Hoban, financial secretary to the Treasury, issued a consultation paper last week that sets out detailed proposals for reform of the financial services sector. The reforms were first announced by chancellor […]
The frustration felt by many individuals that banks still do not seem to be lending in sufficient quantities is still evident in the latest Lending To Individuals figures from the Bank of England, which explains the frustration felt by many would-be borrowers.
By James Dowey, Chief Economist and CIO, Neptune Investment Management The current volatility in global markets has precisely the same cause as had the major bout of volatility last August. As the Chinese RMB is pegged to the US dollar, US monetary policy gets exported to China. This means that a strong US economy and […]