Complying – But with what? (new regulations for British financial institutions)

Be kind to your compliance having a hard time of it. He is the fellow that banks have been hiring to make sure that their new activities – market-making and broking in gilts and equities, added as part of Big Bang. comply with the regulatory framework being put in place under the Financial Services Bill (FSB).

The Big Bang on October 27 was the culmination of reforms introduced by the London Stock Exchange. These included allowing non-members – mainly banks to buy its member jobbers (market makers) and brokers (agents who deal with the jobbers on the investors’ behalf).