Over the last few months, reading the press reports of proposed EU measures to shore up the financial services sector has had me totally muddled. And not because I am confused…
In posts earlier in the year (here I muse that we don’t need more FS regulations, simply to enforce the current ones more effectively and [...]
The latest news seems to be that most major governments want a bank tax. The reasons behind this are clear to everyone I’m sure, but they do open the prospect of regulatory arbitrage – a subject that this blog has touched upon in recent months.
The problems with a bank tax are obvious though. Any [...]
The Era Of Banking Secrecy Is Over. Those words were a part of the G20 communique from London this week. Those words are actually pretty scary.
While it is very reasonable to say that offshore jurisdictions have played their part in the financial crisis – by enabling traders, companies and funds to move money away from [...]