![]() “You’re setting a trap,” he smiles.Īfter a career that included stints as chairman of Rio Tinto Plc, SAB Miller and BT Group Plc, Du Plessis took over Britain’s accounting watchdog last year following a series of scandals that left investors nursing heavy losses. The City grandee blames various factors for the decline: a cultural objection to high executive pay, the unwanted influence of proxy agencies, and a reluctance to embrace change. “It’s clear that over the last five, 10 and 15 years, we have been declining as a financial capital in almost any metric,” he says during an interview at the Financial Reporting Council, which he now chairs. Labour officials have supported some Conservative government policies such as the long-trailed pension reforms.(Bloomberg) - Jan du Plessis is quick to offer a withering assessment of the City of London’s place in the world. ![]() The government will hold public consultations on some of the proposed pension reforms while regulators already have powers to implement other changes, such as the rules on research.īritain is expected to hold a national election next year with the opposition Labour Party leading the opinion polls. HOW WILL BUYING SHARES BE EASIER?īritain will make trading shares more efficient by ending the use of paper trails for official transaction records.ĮU-derived curbs on where investors can trade shares around the world will be scrapped while prospectuses used by companies to market their stocks and bonds will be simplified. Private firms could auction shares to help gain scale while remaining privately owned and avoid the regulatory burdens of a listing or having to sell themselves to a bigger rival. The finance ministry has said it would be the first in the world to bridge the gap between listed public markets and private companies. ![]() The proposed Intermittent Trading Venue would be launched by the London Stock Exchange in 2024. A review has proposed a new research platform as a one-stop shop for firms looking for research experts. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |