News Tag: regulations
November 26, 2009
A set of tough pay regulations are to be introduced which will see UK banks forced to publish the number of employees earning more than £1 million per year.
The Walker Review, published by Sir David Walker, is also proposing to provide the Financial Services Authority (FSA) the authority to curb any pay deals in the banking sector that it ...
Banks will be forced to disclose £1m+ earners
by Kay Murchie
September 27, 2009
At last week’s G20 summit, the world's leading nations agreed to "tough new regulations".
Following the summit, which took place in Pittsburgh on Thursday and Friday, US President Barack Obama announced that in order to prevent another financial crisis: "We have agreed tough new financial regulations to ensure that the reckless few can no longer be allowed to put the global ...
G20 nations agree to ‘tough new regulations’
by Kay Murchie
April 6, 2009
Today has seen the introduction of new rules governing Home Information Packs (Hips).
From 6th April house sellers in England and Wales must have a Hip in place before marketing a property.
Previously vendors could offer their homes for sale without a pack, providing arrangements were in place for one to be available within 28 days of the first day of sale.
The ...
New Hip regulations come into force
by Gill Montia
September 2, 2008
New regulations aimed at preventing inflated property valuations have come into force this week.
The measures are aimed at protecting mortgage lenders who have in the past become the victim of deliberately inflated valuations.
In the case of new build city centre flats and apartments, prices have plummeted in the past year because of a combination of oversupply and fraudulent mortgage applications backed ...
New regulations for property valuations
by Gill Montia