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The Queen’s Speech - BBA comment

United Kingdom - May 31 2010 The British Bankers' Association (BBA) has issued a short press statement on the Queen's Speech.

Dorian Drew, Jonathan Herbst, Peter Snowdon

Government commits to transparent, fair and independently designed payment scheme for Equitable Life policyholders that is swift, simple, transparent and fair

United Kingdom - May 31 2010 The Financial Secretary to the Treasury, Mark Hoban MP, has announced that the Government will take forward a Bill to enable payments to be made in relation to Equitable Life, as included in the Queen's Speech to Parliament.

Dorian Drew, Jonathan Herbst, Peter Snowdon

Commission sets out vision for bank resolution funds

European Union - May 31 2010 The European Commission has published a Communication which sets out its thinking on how the financial sector could contribute to the cost of financing the resolution of failing banks.

Dorian Drew, Jonathan Herbst, Peter Snowdon

CESR intensifies co-ordination in the light of recent market volatility in euro denominated debt instruments

European Union - May 31 2010 The Committee of European Securities Regulators (CESR) has issued a press release stating that it is intensifying the co-ordination of its members' market surveillance following the recent market volatility in euro denominated debt instruments.

Dorian Drew, Jonathan Herbst, Peter Snowdon

The small firms financial crime review

United Kingdom - May 31 2010 In April 2008, the FSA launched a major thematic project which was aimed at establishing the extent to which small firms across the financial services industry addressed financial crime risks in their businesses.

Dorian Drew, Jonathan Herbst, Peter Snowdon