Barclays deal raises regulatory concerns - papers 21st March


Barclays' plans to shift its headquarters to Amsterdam as part of its £80bn negotiations with Dutch bank ABN Amro are likely to raise concerns about the firm's regulation by the FSA, reports the Guardian .

The two parties to the negotiations in what will be Europe's biggest cross-border deal were forced to reveal their early thinking on the structure of the group by the Dutch regulators yesterday. The combined group will be incorporated in the UK as a plc with a primary listing on the London Stock Exchange and a secondary listing in Amsterdam and it will have a boardroom structure familiar to British investors with a single chairman and chief executive. The FSA was quick to respond to the suggestion the combined group would be "lead" regulated by the Dutch Central Bank, meaning Dutch rule...

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