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Govt to launch banking liaison group

The Government is launching a banking liaison group to help prepare the special resolution regime.

The group will work with the Government to help prepare new secondary legislation for the special resolution regime, which is one of the key proposals in the Government’s new Banking Bill.

The group will also have an ongoing remit to keep SRR powers and regulations under review, as practices in the financial markets develop over time.

It will include representatives from the banking sector, experts in financial law and insolvency, and members from the Treasury, Bank of England, FSA and Financial Services Compensation Scheme.

The newly-appointed economic secretary to the Treasury Ian Pearson says: “I am determined that we continue to work closely with business and other experts on these issues.”


The duellists

Jim Reeve chief executive officer, Positive Solutions

“Brown did well to put himself across as the man with the experience to bring back stability. What will be critical is to rebuild consumer confidence in the financial system and prevent money moving to Ireland.”

CGT entrepreneurs' relief

Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more


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