IoD slates regulation plan

first_img Show Comments ▼ IoD slates regulation plan Tags: NULL whatsapp KCS-content whatsapp THE Institute of Directors (IoD) yesterday became the latest organisation to join the London Stock Exchange (LSE) in opposing the merger of the Financial Reporting Council and the UK Listing Authority (UKLA). In a statement, Miles Templeman, director-general of the IoD, said it made no “sense to leave the UKLA separate from the body [the Consumer Markets and Protection Authority (CPMA)] responsible for the regulation and supervision of wholesale capital markets.”The IoD also raised concerns about the “logic” of combining the regulation of wholesale and retail financial services under the umbrella of the CPMA. It added both markets presented different regulatory challenges and required a different approach. Meanwhile, one City insider told City A.M. yesterday that he believed the CBI was close to also coming out in support of the LSE’s position over the FRC and UKLA proposals, having been persuaded by the LSE of the faults in the plan. The source added the FRC was itself lukewarm over the the proposals. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tuesday 28 September 2010 11:09 pm Sharelast_img

Leave a Reply

Your email address will not be published. Required fields are marked *