Firms: Cuts to red tape not enough August 5, 2010 THE government’s latest attempts to cut red tape for businesses were last night slammed by industry leaders, who called them unambitious and lacking in political will. The initiative, headed by Vince Cable, calls for the introduction of a “one in, one out” policy from 1 September, which means that for every new regulation Whitehall introduces, [...]
CITY MOVES | WHO’S SWITCHING JOBS July 8, 2010 Jones Lang LaSalle The property-focused financial and professional services firm has appointed James Brown from Grosvenor as its new head of retail research and consultancy for the EMEA region. Brown is currently UK director of research at Grosvenor, where he is responsible for property market forecasting and analysis of demand, supply and values, local market [...]
FSA approvals taking longer June 6, 2010 THE Financial Services Authority (FSA) has been criticised for the long delays in its corporate approval process, in a fresh blow to the City regulator. Companies now wait 19.5 weeks on average for an FSA decision on whether to authorise financial services work, according to figures obtained under the Freedom of Information Act by City [...]
Accountants hit by sharp rise in claims March 28, 2010 PROFESSIONAL negligence claims taken out against accountants in the High Court significantly jumped last year as a result of the global recession. The High Court heard 13 professional negligence claims taken against accountants in 2009, according to data published by law firm Reynolds Porter Chamberlain (RPC). The number marks a sharp increase from the previous [...]
CITY MOVES WHO’S SWITCHING JOBS November 24, 2009 Clifford Chance The law firm has elected Andrew Forryan as the new London leader for its capital markets practice, for a period of four years.Forryan, who takes over from David Bickerton, recently elected as the firm’s regional managing partner in the UK and Middle East, has been a partner at Clifford Chance since 1997. He [...]
FSA under fire over its hiring rules October 15, 2009 CRITICISM continued to mount yesterday over plans by the Financial Services Authority (FSA) to vet senior appointments in the Square Mile, with one law firm calling it “a considerable expansion of its powers”. Reynolds Porter Chamberlain (RPC) said the FSA made the proposals without any consultation. A letter to 5,000 institutions, sent out earlier this [...]
FSA under fire over its hiring rules October 15, 2009 CRITICISM continued to mount yesterday over plans by the Financial Services Authority (FSA) to vet senior appointments in the Square Mile, with one law firm calling it “a considerable expansion of its powers”. Reynolds Porter Chamberlain (RPC) said the FSA made the proposals without any consultation. A letter to 5,000 institutions, sent out earlier this [...]
Heavy-handed FSA ruffling recruiters September 2, 2009 WHEN the chairman of the Financial Services Authority’s chairman, Lord Turner, made comments about taxing bonuses, it was not the first time that the regulator had ruffled feathers in the City. Indeed, recruiters in the Square Mile have been feeling added pressure from the FSA for almost a year now. According to information obtained through [...]