2nd December 2011
Compliancy Services eNewsletter
The chief executive of the IMA, Richard Saunders, argues that the “tidal wave” of European regulation flowing from the financial crisis may prove ultimately damaging to the region’s economy.
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The Government’s mortgage indemnity scheme could fail, unless lenders are given capital relief when lending at higher loan-to-value ratios.
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The FSA are planning to carry out a regular review of all small firms, which will involve looking at how effective senior management are in identifying and addressing risks, and the controls they use to do this. The FSA will also use the review to look at financial soundness.
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