Barclays deal raises regulatory concerns - papers 21st March

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Trade Bodies

PFS pushes for rethink of FCA's £71.2m British Steel compensation scheme

PFS pushes for rethink of FCA's £71.2m British Steel compensation scheme

Challenging lump-sum approach

Ayesha Venkataraman
clock 28 June 2022 • 3 min read

'FCA's failure to supervise leading to FSCS levy hikes' - PIMFA

Regulator slammed

clock 02 March 2020 • 2 min read

Fay Goddard to retire as PFS chief

Personal Finance Society (PFS) chief executive Fay Goddard is to retire next year after five years in the job.

clock 08 November 2012 • 1 min read