Labour to overturn bonus deals at risk-taking banks | Business | The Guardian

Labour to overturn bonus deals at risk-taking banks | Business | The Guardian: "No 10 disputed suggestions that the Queen's speech was thin or that few of the controversial new laws would reach the statute book due to the lack of parliamentary time before the general election."


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We have the Henry VIII clauses Mr Brown!!

Labour to overturn bonus deals at risk-taking banks | Business | The Guardian

Labour to overturn bonus deals at risk-taking banks | Business | The Guardian: "However, City experts doubted the FSA would be able to tell from studying often-opaque individual discretionary bonus contracts whether they encouraged excessive risk-taking."


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These "City experts" might be in for a shock!

Plans to Split U.K. FSA Will Lead to ‘Dark Age,’ CEO Sants Says - Bloomberg.com

Plans to Split U.K. FSA Will Lead to ‘Dark Age,’ CEO Sants Says - Bloomberg.com: "His comments “will not be well received by the Conservative Party and risk putting him on a collision course with a new government next year,” said Nathan Willmott, a regulatory lawyer at Berwin Leighton Paisner."



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Somebody within the Conservative ranks needs to temper their ambitions and silence their 'advisers', we don't need another period of mayhem in regulation.

FSA warns of "turf war" if its powers are broken up | News | Money Marketing

FSA warns of "turf war" if its powers are broken up | News | Money Marketing: "Sants said while the FSA’s new intensive supervisory regime is delivering financial stability, reform will only come if both the regulator and the regulated are “committed to genuine change”."



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We are committed Mr Sants but it requires a modicom of understanding from all parties.

Axa insurance prepares launch of £1.8bn rights issue - Telegraph

Axa insurance prepares launch of £1.8bn rights issue - Telegraph: "France's biggest insurer is plotting the capital-raising to fund potential acquisitions"


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Is that a fact?

FT.com / By sector - Insurers hope for capital holding reprieve

FT.com / By sector - Insurers hope for capital holding reprieve: "Another big concern among trade bodies is over the way Ceiops’ summer papers said insurance liabilities should be accounted for on a run-off basis rather than as a going concern, which would demand far more capital be held against them.
There is also a worry that insurers, like banks, will see their ability to use junior, hybrid debt instruments as capital instead of shares severely curtailed."


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Is the writing on their walls?

FTAdviser.com - Cisi urges FSA to make joining professional body mandatory

FTAdviser.com - Cisi urges FSA to make joining professional body mandatory: "The FSA should consider making membership to a professional body mandatory for people working in financial services, according to more than three-quarters of the Chartered Institute for Securities and Investment's members."


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They would say that, of course they would. Who are they?