skip to primary navigationskip to content
 

Kern Alexander comments on the Barclays Libor rate-rigging scandal and UK financial regulatory reform.

last modified Jul 18, 2012 01:34 PM

See link to BBC website news  with a summary of the interview -    http://www.bbc.co.uk/news/business-18873184

Kern Alexander comments on the Barclays Libor rate-rigging scandal and UK financial regulatory reform.

The current responsibility for financial regulation in the UK is exercised by the Financial Services Authority. From next year, the new Financial Services Bill will create two regulators: the Provincial Regulatory Authority and the Financial Conduct Authority.

The Prudential Regulatory Authority will be responsible for the regulation of banks and insurance companies, and the Financial Conduct Authority will be responsible for the regulation of market practice and consumer protection.

The Bank of England's Financial Policy Committee will have overall responsibility for financial stability.

Professor Kern Alexander, adviser to the European Parliament on financial regulation, told The World At One that although "the corporate governance of banks has been appalling and the Barclays case is an example of this, the institutional reshuffling of regulatory responsibility will not prevent abuse in the future".

« December 2019 »
December
MoTuWeThFrSaSu
1
2345678
9101112131415
16171819202122
23242526272829
3031

RSS Feed Latest news

Winners of the Best Student Paper Award 2018 announced

Aug 21, 2018

Cambridge Finance is proud to announce the winners of the Best student Paper Award for 2017-2018

View all news

Upcoming events

Cambridge Finance Workshop - Anne Villamil

Jan 23, 2020

Upper Hall, Peterhouse College, Cambridge CB2 1RD

Cambridge Finance Workshop - Alberto Manconi

Feb 06, 2020

Upper Hall, Peterhouse College, Cambridge CB2 1RD

Cambridge Finance Workshop - Ernst Maug

Feb 20, 2020

KH107, Keynes House, Cambridge Judge Business School

Previous events

Upcoming events