MarketWatch technical updates from the ACT: News in brief
This month's look at corporate finance and treasury issues include notes on fair value issues, agreements on contract law, confidentiality problems and new rules for debt and securitisation markets.
IntroductionBy Martin O’Donovan ACT assistant director, policy and technical
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The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more