The next collision in the regulation calander
It was always the suspicion that regulation would hasten consolidation and, while there was no mass ...
It was always the suspicion that regulation would hasten consolidation and, while there was no mass exodus, it has proved to be a significant factor in the market's contraction. Little by little the specific ways in which the Financial Services Authority would do away with small firms - inadvertently or otherwise - have emerged, with the next watershed due to occur in 2008 when brokers will no longer be able to use goodwill in their balance sheets.
While this event has been on the regulatory
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