TURNER IN FRESH ATTACK ON CITY September 22, 2009 LORD Turner, chairman of the Financial Services Authority, last night accused those who plan to ignore lessons from the “near death experience” of the market meltdown of being the real enemies of the City. In a controversial speech to the Lord Mayor’s banquet at Mansion House, Turner repeated his previous claim that “not all financial [...]
Turner’s speech: pity it was so populist September 22, 2009 THERE was plenty of meat in what Adair Turner, the FSA’s chairman, had to say last night at the Lord Mayor’s Banquet. But Turner is a great showman, a canny political operator – so no sooner had we finished making toasts to the Queen and to the health of the financial services industry that he [...]
Turner’s speech: pity it was so populist September 22, 2009 THERE was plenty of meat in what Adair Turner, the FSA’s chairman, had to say last night at the Lord Mayor’s Banquet. But Turner is a great showman, a canny political operator – so no sooner had we finished making toasts to the Queen and to the health of the financial services industry that he [...]
No recanting from Turner on City reform September 22, 2009 IN recent weeks Lord Turner has become the bête noire of the City. In conversation with Prospect magazine, the head of the Financial Services Authority suggested that some parts of the City may not be socially worthwhile. If anybody thought that last night’s Lord Mayor’s banquet would be an ideal opportunity for Turner to think [...]
Turner urges City reform September 21, 2009 ADAIR Turner will tonight issue a call to arms to the City’s business leaders, urging them not to miss the opportunity to reform the country’s financial services sector following the recent banking crises. The chairman of the Financial Services Authority (FSA), who has faced criticism in the past few days after labelling the City as [...]
RIVERS OF BUBBLY AND HALF A COW: CITY BOYS TAKE MACHO CHALLENGE September 20, 2009 EMERGING pleasantly sated from an overdose of fine wining and dining this past weekend, The Capitalist was intrigued to see two City institutions taking a stand on how to deal with the effect of the recession on the Square Mile lunch market. A little bird at Gaucho – catering for the red-blooded males and less-than-faint-hearted [...]
FSAthrows its weight behind the bid to save hedgies from European crackdown September 17, 2009 CITY regulator the Financial Services Authority (FSA) yesterday gave its support to hedge funds and called on the European Union (EU) to rethink its plans for a crackdown on the industry. Managing director of the FSA’s risk division, Sally Dewar, said the EU must address weaknesses in the current rules in a “proportionate” way in [...]
FSAthrows its weight behind the bid to save hedgies from European crackdown September 17, 2009 CITY regulator the Financial Services Authority (FSA) yesterday gave its support to hedge funds and called on the European Union (EU) to rethink its plans for a crackdown on the industry. Managing director of the FSA’s risk division, Sally Dewar, said the EU must address weaknesses in the current rules in a “proportionate” way in [...]
Myners hails success in the fight against European hedgie rules September 7, 2009 CITY minister Lord Myners yesterday said he had made progress in the fight against European plans to bring in strict rules that could devastate London’s hedge fund industry, after he visited Brussels to lobby EU lawmakers. Myners said he found the EU receptive to calls to rethink the proposals, which experts claim show a complete [...]
City academy can boost prospects of those most in need September 6, 2009 THE City Academy Hackney, sponsored by the City Corporation and KPMG, opened its doors to 220 pupils last week. The opening took place just two days after a City report presented a scenario that suggested a further 35,000 financial services jobs could be lost by the end of 2009. This begs the question of what [...]