Comments on: The UK’s regulatory maze benefits the powerful. It’s time for an overhaul https://leftfootforward.org/2019/11/cut-a-swathe-to-clean-up-the-uk-regulatory-maze-around-finance/ Left Foot Forward is the home for UK progressives. We provide evidence-based analysis on British politics, news and policy. Tue, 26 Nov 2019 08:02:30 +0000 hourly 1 https://wordpress.org/?v=6.9.5 By: Patrick Newman https://leftfootforward.org/2019/11/cut-a-swathe-to-clean-up-the-uk-regulatory-maze-around-finance/#comment-996065 Sat, 23 Nov 2019 18:35:12 +0000 https://leftfootforward.org/?p=139948#comment-996065 Sounds good to me. Let’s have a bonfire of ‘poodle’ regulators replaced by ones that are independent of the regulated industry, equipped with dedicated staff but who would be unable to take a job in the regulated organisations for at least five years, empowered to requisition internal documents, subpoena witnesses and impose punitive penalties and initiate prosecutions. Prem is right we also need transparency including the power to waive claims for secrecy under “commercial in confidence”!

]]> By: Elizabeth Chell https://leftfootforward.org/2019/11/cut-a-swathe-to-clean-up-the-uk-regulatory-maze-around-finance/#comment-996008 Sat, 23 Nov 2019 11:19:56 +0000 https://leftfootforward.org/?p=139948#comment-996008 There is certainly evidence that women have lost out on pensions. But for those who feel strongly about pension rights, don’t vote Tory; this particular problem arose under George Osborne & David Cameron’s coalition government (so yes the Lib-Dems are also responsible by association).

]]> By: Blog: Cut a swathe to clean up the UK regulatory maze around finance – Left Foot Forward | Brexit Compliance News https://leftfootforward.org/2019/11/cut-a-swathe-to-clean-up-the-uk-regulatory-maze-around-finance/#comment-995904 Fri, 22 Nov 2019 22:18:00 +0000 https://leftfootforward.org/?p=139948#comment-995904 […] Click here to cancel reply. […]

]]> By: nhsgp https://leftfootforward.org/2019/11/cut-a-swathe-to-clean-up-the-uk-regulatory-maze-around-finance/#comment-995877 Fri, 22 Nov 2019 17:53:13 +0000 https://leftfootforward.org/?p=139948#comment-995877 So why no regulation of the state’s accounting fraud?

10,000 bn of pensions debts hidden off the books.

Tom, you are right. Regulation favours the big incumbents at the expense of competition and the customer.

]]> By: Tom Sacold https://leftfootforward.org/2019/11/cut-a-swathe-to-clean-up-the-uk-regulatory-maze-around-finance/#comment-995850 Fri, 22 Nov 2019 14:58:35 +0000 https://leftfootforward.org/?p=139948#comment-995850 Regulators simply manage the market often in the interests of the companies involved. After all, many of the regulatory bodies are made up of people once employed by those they now regulate.

Regulation is the management of capitalism. We need a socialist approach that enables the control of the behaviour of these financial companies for the good of the working people of the UK.

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