The IMA (Investment Management Association) commissioned CRA to undertake an independent appraisal of both the potential impact of the FSA’s proposals set out in CP1761 and the cost-benefit analysis undertaken for the FSA by OXERA2. In particular, CRA was asked to examine in more detail: how these proposals might be implemented in practice; how the detail of their rules could affect the market outcome; and whether there were alternative proposals also worthy of further consideration.
How financial services firms can navigate political uncertainty
Much dialogue around Brexit’s impact on the City of London centered on what papers and politicians dubbed the ‘bonfire of rules’ – a phrase designed to capture...