View more on these topics

G20 and EU actions could increase chances of future financial crises

The G20 and the EU’s overhaul of financial regulations has been slammed for being “disingenuous political posturing” and “increasing the chances of future meltdowns”.

The Taxpayers’ Alliance claims that both politicians and regulators have based their response to the financial crises on “mistaken views of its causes” and “political considerations”, The Telegraph reports.

The paper highlights key aims of politicians for internationally co-ordinated regulation, claiming that “global regulation causes global crises”.

The report says: “Common capital adequacy rules, while increasing transparency, also encourage homogeneity in investment strategy and undertaking of risk, leading to a high concentration of risk. That means that global regulations can be dangerous because they increase the amplitude of global credit cycles.”

The paper was co-written with the Legatum Institute, which is an academic group that focuses on wealth.

The reports says: “”The Basel regulations may still be procyclical, imposing more onerous requirements on institutions at times when the system is in trouble.”

The report argues that in addition to “greed and insufficient regulation” being two of the main causes of the crises, it says “regulation and poor policy choices” were also to blame, highlighting the fact that policy makers may be set to repeat those mistakes again.



Union warns Government to expect “horrible year”

The Trades Union Congress has warned the coalition Government to expect a “horrible” year in 2011 as anger grows over cuts to public service jobs and pensions. In his New Year message to members, TUC general secretary Brendan Barber took the opportunity to attack cuts to benefits, particularly housing benefit, and the decision to increase […]


Unemployment set to jump by 200,000 in 2011, warns CIPD

Unemployment could rise by up to 200,000 next year as Government cuts to the public sector and tough economic conditions impact on the jobs market, research from the Chartered Institute of Personnel and Development warns.  The report is likely to raise fresh concerns over whether the private sector will be able to fill the employment […]


School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


News and expert analysis straight to your inbox

Sign up


    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