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

“Caution” is now the watchword when it comes to directly awarding public sectors contracts

The judicial review proceedings brought by the Good Law Project against the Department of Health and Social Care in relation to the £108m contract the Department awarded for PPE in April are about to shine a light on Regulation 32(2)(c) of the Public Contracts Regulations 2015.

View blog

Credit broking: know your permissions

To operate lawfully, firms that broker credit to consumers by way of business must be registered with and authorised and regulated by the Financial Conduct Authority (FCA).

View blog

Developments overlooking other land are not a nuisance

Developers received welcome confirmation from the Court of Appeal this month that ‘overlooking’ (providing a view into another’s property) does not constitute a nuisance or invasion of privacy.

View blog

EHRC harassment guidance

The Equality and Human Rights Commission has issued technical guidance this month on Sexual harassment and harassment at work.

View blog

mailing list sign up



Select which mailings you would like to receive from us.

Sign up