Marks & Spencer fund kerbside recycling programme

News Article - 24 May 2012
Category: Environment

Warnings are being levelled at the Financial Services Authority (FSA) over plans for foreign private equity firms to be listed in the UK.

Commentators are concerned that proposals that will allow foreign firms to list in the UK would ultimately be of detriment to the consumer, damaging the overall integrity of the private equity market.

The FSA's Financial Services Consumer Panel are worried that relaxed rules could result in investors losing money if new entrants are not subject to strict regulatory control, which would impact upon investor confidence.

Panel chairman John Howard argues that the FSA might be at risk of putting the market in disrepute.

"We think that, with its current proposal, the FSA is at risk of making a serious mistake that will be damaging for investors and the confidence of the market," he told the Guardian.

In particular Mr Howard fears that foreign entrants in the UK private equity market would not be subject to as stringent regulations as UK firms.

It has been announced that a final decision on the proposals will not be made until the second quarter of 2007.

Article keywords:

---

More industry news

• Think tank warns UK may have already slipped back into recession
• Growing demand for HR staff in technology and international sectors
• Boosting business growth a ‘priority’ to avoid Eurozone slowdown
• HMRC launches alternative disputes pilot scheme this week
• December employment statistics disregard gloomy recruitment predictions
• Eurozone manufacturing PMI shows modest improvement
• UK scores highly for economic governance by ratings agency
• Government launches two-year project focusing on manufacturing sector
• Burden of regulation on UK businesses ‘too high’

Back to news home page »