Financial services industry gets ready for tougher regulation

As speculation abounds surrounding the likely actions of our new coalition government one thing is clear – the financial services industry should brace itself for tougher regulation and greater numbers of regulatory enforcement actions this year. Economic reform and tougher regulation to tackle white-collar crime is a common theme across both Conservative and Liberal Democrats’ economic policies, along with the intention to implement the proposed changes as soon as possible. Some of the radical reform measures proposed include the creation of a ‘super-agency’, combining the powers of som...