View more on these topics

Excessive regulation risks damaging economic recovery, says BBA

The British Bankers’ Association has warned Chancellor George Osborne the economic recovery could be hampered if the UK moves too far ahead of the international consensus on banking reform.

BBA chairman Marcus Agius has written to Osborne warning him that the tendency of the UK rule makers to add to EU decisions will tip the balance in favour of other financial centres.

In the letter, Agius says: “There has been considerable concern shown by the industry that this country is applying these requirements in a manner that is super equivalent in the UK and so resulting in a non-level playing field, particularly with those countries with which we compete most critically.

“This is most notable when the UK applies additional requirements to the agreed standards, when it implements them earlier than others, and when it does not use the flexibility the standards permit or not in a matter reflected elsewhere.”


Aegon adds portability option to offshore bond

Aegon has added a European offshore portability option to its main offshore bond that will allow customers moving from the UK to Spain, France or Italy to have greater tax flexibility. The option sits with Aegon’s wealth management portfolio and will allow investors to benefit from tax deferral. The bond is also tax compliant in […]

Fionnula Earley

Base value

Most views are centred on when the bank rate will rise rather than if and how the market will react, with a flurry of activity predicted. Paul Thomas reports


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Regulation is like tying someone up whilst expecting them to run as fast as they can and when they fall over you tie them up some more.

    Regulation is NOT the only way to solve some of the problems we have but sadly it is the only one being used by a regulator who are out of control, answereable to no one and who require more and more money to keep them spewing out more and more regulatory drivel.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm