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FINANCIAL SECTOR REGULATION: Tough new curbs raise concerns

28 November 2014  

Stephen Levinson summarises the response from the Employment Lawyers Association (ELA) to the latest proposals on bankers’ accountability and remuneration

Employment lawyers have given a lukewarm reception to new proposals to regulate the financial sector. The ideas in two consultation papers, issued jointly by the Prudential Regulation Authority on behalf of the Bank of England and the Financial Conduct Authority (FCA), are considered by ELA to give rise to serious concerns about the way they will operate and their potential for unfortunate consequences.

Last modified on 06 January 2015