Round-up - TSC to FSA: Second crisis will be your fault

clock

The Treasury Select Committee (TSC) has issued a stark warning to the Bank of England and Financial Services Authority that they would be held accountable should mistakes made now "aggravate" a second financial crisis.

In a letter to Sir Mervyn King, the Bank's Governor, and Hector Sants, the FSA's chief executive, TSC chairman Andrew Tyrie sought "reassurance" that they were on top of worsening conditions. MORE... David Cameron was given a vicious dressing down by French President, Nicholas Sarkozy, yesterday as tensions reached boiling point among European leaders arguing over how to save the euro. Sarkozy was reported to have told the British Prime Minister that he should "shut up" during a meeting of the European Union's 27 leaders. MORE...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers have opportunity to deepen private market engagement

Advisers have opportunity to deepen private market engagement

Most client allocations to private markets are either 5%-10% or 1%-5%

Isabel Baxter
clock 18 November 2024 • 2 min read
Royal London cuts number of governed range portfolios

Royal London cuts number of governed range portfolios

Renaming remaining portfolios to reflect level of investment risk

Jenna Brown
clock 18 November 2024 • 1 min read
AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read