Northern Ireland Financial Services Review

Financial Services Review by Business for Financial Reform

If you have ever worked in financial services or have had much exposure to the industry, you will know that the system is in a precarious position. ┬áThe issue of regulation, fit for purpose and the industry policing itself, all came to a calamitous head over the last ten years with episodes like the Bernie Madoff scandal in the United States, giant bank defaults and closures in the United Kingdom with Bank of Scotland, Halifax, Northern Rock and many others, and of course Lehman Bros, and earlier than that Barings Bank – not to mention the bankruptcy of entire countries like Greece, Iceland and Italy.

The issue of regulation, fit for purpose and the industry policing itself, all came to a calamitous head over the last ten years with episodes like the Bernie Madoff scandal in the United States, giant bank defaults and closures in the United Kingdom with Bank of Scotland, Halifax, Northern Rock and many others, and of course Lehman Bros, and earlier than that Barings Bank – not to mention the bankruptcy of entire countries like Greece, Iceland and Italy.

For those with investments to consider, the financial institutions must be watched closely.

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