The financial services industry has welcomed Chancellor Jeremy Hunt’s package of regulatory reforms, with some declaring the changes will help regain the competitiveness of UK capital markets.
Following Hunt's Mansion House speech on Monday (10 July), some of the reforms introduced by the Treasury included a change in short-selling rules and how to deal with the clash between UK and US rules on payment for research. The government and regulators' drive to find ways to re-energise London as a market for the convening of global equity capital has been welcomed by the industry, particularly the adoption of all the recommendations in Rachel Kent's UK Investment Research Review. The move to permit bundled payment for research and execution services in line with the conclusions ...
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