New City Agenda response to the FCA’s Duty of Care consultation A New Consumer Duty – Response from New City Agenda Key Recommendations The new Consumer Duty should require firms to act in the best interests of retail clients. The…
New City Agenda: Response to FCA consultation on temporary financial relief for customers impacted by the coronavirus
New City Agenda: Response to FCA consultation on temporary financial relief for customers impacted by the coronavirus 6th April 2020 In response to the FCA’s consultation on supporting users of certain consumer credit products we are writing to request an immediate…
New City Agenda – Report – “Cultural Change in the FCA, PRA & Bank of England: Practising What They Preach?”
New City Agenda – Report – “Cultural Change in the FCA, PRA & Bank of England: Practising What They Preach?“ The report was launched on Tuesday 25th October, Committee Room 14, House of Commons in an event chaired by Philip…
Can the City ever be good for Society?
Since the Financial Crash in 2008, the City has quite rightly received its fair share of criticism for what went wrong. There are simply no excuses for the pain and misery they have caused to millions of citizens in this country and Lord Adair Turner’s (as Chairman of the FSA) words in 2009 that “The City has grown too big and parts of it are “socially useless” seemed to strike a chord with the public at large. Meanwhile, the topic of bankers bonuses still makes the blood boil of ordinary citizens of this country and they struggle to comprehend why senior bankers didn’t go to prison for the crisis they caused.
New City Agenda’s Inaugural Lecture: Culture and Banking Standards
This Inaugural Lecture will give parliamentarians and guests the opportunity to appreciate how Sir Richard’s proposed new organisation seeks to raise standards in banking following the recommendations of the Parliamentary Commission on Banking Standards.
Launch of New City Agenda
Today sees the launch of New City Agenda with Sir Richard Lambert, giving a lecture in Parliament on Culture and Banking Standards.
Today’s event also marks the introduction of our own Project looking at ‘How should we change the culture of banks?’ Whilst many have diagnosed the problem, there is a need for further examination of how this positive change can be achieved and how progress should be measured.
Zoom Webinar: Ensuring a thriving SME lending sector to underpin economic growth across the UK post Covid & Brexit
Zoom Webinar: Ensuring a thriving SME lending sector to underpin economic growth across the UK post Covid & Brexit Richard Davies (CEO, Allica Bank) & Kevin Hollinrake MP (Co-Chair, APPG on Fair Business Banking) Chaired by Lord Sharkey Thursday 9th…
London Capital & Finance – The FCA’s failed approach to misleading financial promotions
London Capital & Finance – The FCA’s failed approach to misleading financial promotions This article covers the approach the FCA took to the financial promotions issued by London Capital & Finance (LCF) including its use of its financial promotions power.…
Online Webinar: Lessons from Open Banking: Making Open Finance and Pensions Dashboards work for consumers
Online Webinar: Lessons from Open Banking: Making Open Finance and Pensions Dashboards work for consumers Wednesday 15th July, 1pm, Zoom Webinar Sheldon Mills, Interim Executive Director of Strategy and Competition, FCA Faith Reynolds, Independent Consumer Representative, Open Banking Implementation Entity…
Unnatural selection: Adaptive Markets, Powys and Kent Councils, Too-Big-To-Fail Banks and Cultural Change
Unnatural Selection: Adaptive Markets, Powys and Kent Councils, Too-Big-To-Fail Banks and Cultural Change In March 2007, Powys County Council had £14.5 million invested in Goldman Sachs’ Global Tactical Asset Allocation fund. They were attracted by the name and steady returns…