0370 270 6000

already registered?

Please sign in with your existing account details.

need to register?

Register to access exclusive content, sign up to receive our updates and personalise your experience on brownejacobson.com.

Privacy statement - Terms and conditions

chancellor walks a fine line with banking reform

20 October 2010

The CSR has announced that the banking levy will be made permanent and that all the UK’s top banks need to sign up to the code of practice introduced last year.

The Chancellor has a fine line to walk here. On the one hand, reforming the UK banking regulatory system to prevent future systematic failures and on the other hand, not going too far. The City of London is a major asset of the UK economy and must remain an attractive place for the world’s major financial intuitions to be centred.

The banking community accepts this but what is really needed though is joined-up international reform of the banking industry. If the UK overhauls its banking industry in a way that is out of step with other countries, the danger is we become uncompetitive as a result.

related opinions

Legal fees for advising on settlement agreements

When entering into a settlement agreement, it is a requirement for the employee to get independent legal advice on the terms and effect of the agreement.

View blog

The Commons Treasury Committee has published its report on business rates. Are changes on the horizon?

The Treasury Committee has just published its report on its inquiry into the administration of business rates in England and, at first glance, it could be the catalyst to drive the change that many businesses have been calling for.

View blog

IR35 and the Issue of Control

The Upper Tribunal (UT) has considered the issue of control in the case of Christa Ackroyd Media Ltd –v- The Commissioners for HMRC and has upheld the decision of the First-tier Tribunal (FTT) that IR35 applied.

View blog

Vegetarianism is not a philosophical belief under the Equality Act 2010

In its Judgment earlier this month, the Tribunal considered whether vegetarianism is capable of being a philosophical belief capable of protection under the Equality Act 2010.

View blog

mailing list sign up



Select which mailings you would like to receive from us.

Sign up