Tuesday, 29 November 2011

UK: the Autumn Statement and financial regulation

The Chancellor delivered his Autumn Statement today: see here. Whilst principally focussed on Government spending and taxation, the Statement contained a couple of items concerning financial regulation (at paras. 1.70 to 1.74). First, the Government has reiterated its intention to introduce legislation next year to reform the UK's financial regulatory framework (draft legislation is currently under scrutiny in Parliament). Second, the Government states that by the end of the year it will publish further information regarding the options for the implementation of the recommendations made by the Independent Commission on Banking.

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