Summary
GORDON Brown promised last night to crack down on the excesses of the City with a raft of new reforms designed to prevent Banks from running out of control.
The Prime Minister is to hand vast new powers to the Financial Services Authority (FSA) so it can outlaw inappropriate bonuses for City traders, and take boardroom directors to task for taking on excessive risk.See the full content of this document
Extract
Brown Vows to Crack Down On City Excesses
It follows growing criticism of the behaviour of the banks and hedge funds during the boom years. The funds stand accused of exacerbating the financial crisis by taking short-t...
See the full content of this document
Sponsored links
