Int'l regulation centre 'will boost competitiveness'

The Centre will carry out research and offer training on international regulation with a view to influencing global regulatory developments. The proposal was presented at yesterday’s City High-Level Group meeting, chaired by Chancellor Gordon Brown. It has attracted financial support from industry and the City, with £2.5m to be provided by the Government over the next three years. Mervyn Davies, Chairman of Standard Chartered, has agreed to chair the interim executive committee, representing donor interests, that will prepare the Centre for launch. “Developing a new world class cen...