Follow us on Twitter
Find us on Facebook
Subscribe via RSS
Growth and Enterprise
…so that growth and enterprise are not stifled
Quote by: Vince Cable
Quote made on: 2006
Quote Submitted by: Financial Foot in Mouth
Source: Association of Foreign Bankers` spring luncheon
Editor's Notes
Vince Cable, commenting on Letwin`s proposals, said he also favoured light-touch regulation for markets, “…so that growth and enterprise are not stifled”. He returned to this theme in 2006, in a speech to the Association of Foreign Bankers` spring luncheon, warning of the dangers of excessive regulation of the City and favouring “a lighter touch”.
” Vince`s coalition colleague, Mark Hoban, does not appear to be so concerned about the perils of excessive regulation. In fact, addressing Parliament on 12 December 2011, he blamed the light touch approach of the previous government and spoke of the `gross failures’ of the regulatory regime.”
(3 votes, average: 6.00 out of 10)
Loading ...Published on: July 8, 2012
Rein Back the Financial Services Authority
Intrusive regulatory regime, (opining that the FSA was) increasingly a tool of the Treasury
Quote by: Oliver Letwin
Quote made on: July 2004
Quote Submitted by: Financial Foot in Mouth
Source: The Sunday Times
Editor's Notes
In July 2004, Oliver Letwin stated that an incoming Conservative government would abolish or rein back the Financial Services Authority (FSA) because of its “Intrusive regulatory regime”, opining that the FSA was, “increasingly a tool of the Treasury” which threatened to squeeze the life out of the City by over-regulating it.
It is interesting that, only a few short years later, light touch regulation is being seen as one of the primary reasons for our current economic woes. Indeed, the long-awaited report into the failure of the Royal Bank of Scotland was published in December 2011 and, principal among its causes, were `light touch regulation and a catalogue of financial errors’ (Daily Mail). Populist statements, either in government or opposition often come back to haunt politicians.
(3 votes, average: 6.33 out of 10)
Loading ...Published on: July 8, 2012
Marcus Brookes, on the short term prospects for the FTSE.
I wouldn`t be at all surprised if markets fell by 10% next week. We have moved back into cautious assets until the bigger picture is clearer
Quote by: Marcus Brookes, Head of Cazenove`s Multi Manager Diversity fund
Quote made on: FE Trustnet News and Research
Quote Submitted by: 10 February 2012
Source: Mr H Towers
Editor's Notes
FTSE 100 (10/02/2012 @ 12.30 p.m.): 5845 FTSE 100 (17/02/2012 @ Close): 5905 (up 1.03%) FTSE 100 (20/02/2012 @ Close): 5945 (up 1.71%) Well, you pays your money……..
(2 votes, average: 9.50 out of 10)
Loading ...Published on: February 20, 2012
